Wilmington Savings Fund Society FSB Takes Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Wilmington Savings Fund Society FSB bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,367 shares of the financial services provider’s stock, valued at approximately $180,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cornerstone Advisors LLC increased its stake in The Gabelli Dividend & Income Trust by 17.0% in the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock valued at $37,459,000 after purchasing an additional 239,758 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in The Gabelli Dividend & Income Trust by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 577,528 shares of the financial services provider’s stock valued at $13,116,000 after acquiring an additional 10,944 shares during the period. International Assets Investment Management LLC raised its stake in The Gabelli Dividend & Income Trust by 2,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after acquiring an additional 337,680 shares during the last quarter. Logan Stone Capital LLC lifted its position in The Gabelli Dividend & Income Trust by 21.8% during the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock worth $4,734,000 after acquiring an additional 37,363 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 21.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 184,946 shares of the financial services provider’s stock valued at $4,200,000 after purchasing an additional 32,553 shares during the last quarter.

The Gabelli Dividend & Income Trust Price Performance

NYSE:GDV opened at $24.01 on Thursday. The Gabelli Dividend & Income Trust has a 12-month low of $20.93 and a 12-month high of $25.67. The stock’s 50 day simple moving average is $24.83 and its 200-day simple moving average is $23.88.

The Gabelli Dividend & Income Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, January 16th. This is an increase from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the insider now directly owns 10,000 shares in the company, valued at $249,000. The trade was a 25.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders bought 3,134,000 shares of company stock worth $31,369,800.

The Gabelli Dividend & Income Trust Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.