First Trust Advisors LP Grows Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

First Trust Advisors LP lifted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 11.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,206 shares of the financial services provider’s stock after purchasing an additional 14,767 shares during the quarter. First Trust Advisors LP owned about 0.17% of The Gabelli Dividend & Income Trust worth $3,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of The Gabelli Dividend & Income Trust by 1.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 537,951 shares of the financial services provider’s stock valued at $11,738,000 after purchasing an additional 8,134 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 357,229 shares of the financial services provider’s stock valued at $7,795,000 after purchasing an additional 1,679 shares in the last quarter. Shaker Financial Services LLC grew its position in shares of The Gabelli Dividend & Income Trust by 1,029.1% in the second quarter. Shaker Financial Services LLC now owns 210,196 shares of the financial services provider’s stock valued at $4,586,000 after purchasing an additional 191,580 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 2.9% in the second quarter. First Allied Advisory Services Inc. now owns 169,409 shares of the financial services provider’s stock valued at $3,704,000 after purchasing an additional 4,768 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 2.9% in the second quarter. Advisors Asset Management Inc. now owns 119,946 shares of the financial services provider’s stock valued at $2,617,000 after purchasing an additional 3,380 shares in the last quarter.

The Gabelli Dividend & Income Trust (NYSE:GDV) traded down $0.12 on Thursday, reaching $22.48. The company had a trading volume of 115,140 shares, compared to its average volume of 160,608. The Gabelli Dividend & Income Trust has a 12-month low of $19.78 and a 12-month high of $22.86.

The company also recently declared a monthly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Wednesday, March 14th.

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The Gabelli Dividend & Income Trust 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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