Blue Bell Private Wealth Management LLC Decreases Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Blue Bell Private Wealth Management LLC lowered its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,461 shares of the financial services provider’s stock after selling 6,949 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in The Gabelli Dividend & Income Trust were worth $592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in The Gabelli Dividend & Income Trust by 99.2% during the 2nd quarter. Private Advisor Group LLC now owns 21,040 shares of the financial services provider’s stock valued at $461,000 after buying an additional 10,477 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in The Gabelli Dividend & Income Trust by 28.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 28,448 shares of the financial services provider’s stock valued at $621,000 after buying an additional 6,330 shares during the period. First Trust Advisors LP raised its holdings in The Gabelli Dividend & Income Trust by 12.0% in the 2nd quarter. First Trust Advisors LP now owns 124,439 shares of the financial services provider’s stock worth $2,715,000 after purchasing an additional 13,349 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in The Gabelli Dividend & Income Trust by 1,847.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 90,553 shares of the financial services provider’s stock worth $4,150,000 after purchasing an additional 85,903 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in The Gabelli Dividend & Income Trust by 28.1% in the 2nd quarter. D.A. Davidson & CO. now owns 23,601 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 5,176 shares in the last quarter.

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Shares of The Gabelli Dividend & Income Trust (NYSE GDV) traded down $0.07 during midday trading on Friday, reaching $22.32. 104,100 shares of the company’s stock traded hands, compared to its average volume of 161,724. The Gabelli Dividend & Income Trust has a 1-year low of $18.87 and a 1-year high of $22.86.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be issued a $0.11 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.32 annualized dividend and a yield of 5.91%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.

Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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