Capstone Investment Advisors LLC Invests $3.14 Million in The Gabelli Dividend & Income Trust (NYSE:GDV)

Capstone Investment Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 128,350 shares of the financial services provider’s stock, valued at approximately $3,138,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GDV. Larson Financial Group LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth $27,000. Wetzel Investment Advisors Inc. acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth about $71,000. CWM LLC raised its position in The Gabelli Dividend & Income Trust by 11.6% in the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 545 shares during the last quarter. Constitution Capital LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at about $203,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter worth about $203,000.

The Gabelli Dividend & Income Trust Stock Down 0.1 %

The Gabelli Dividend & Income Trust stock opened at $25.30 on Friday. The business has a 50 day moving average of $24.57 and a 200-day moving average of $23.61. The Gabelli Dividend & Income Trust has a 1 year low of $20.20 and a 1 year high of $25.39.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Activity

In related news, insider Mario J. Gabelli purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This represents a 25.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders acquired 3,134,000 shares of company stock valued at $31,369,800.

About The Gabelli Dividend & Income Trust

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.