Summit Financial LLC Buys Shares of 40,174 The Gabelli Dividend & Income Trust (NYSE:GDV)

Summit Financial LLC purchased a new position in The Gabelli Dividend & Income Trust (NYSE:GDV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 40,174 shares of the financial services provider’s stock, valued at approximately $970,000.

Several other large investors also recently modified their holdings of GDV. Raymond James Financial Inc. bought a new position in The Gabelli Dividend & Income Trust in the fourth quarter worth approximately $31,727,000. Advisors Asset Management Inc. increased its stake in shares of The Gabelli Dividend & Income Trust by 0.3% in the 4th quarter. Advisors Asset Management Inc. now owns 479,490 shares of the financial services provider’s stock worth $11,580,000 after purchasing an additional 1,482 shares in the last quarter. LPL Financial LLC raised its holdings in The Gabelli Dividend & Income Trust by 27.0% in the 4th quarter. LPL Financial LLC now owns 408,500 shares of the financial services provider’s stock worth $9,865,000 after purchasing an additional 86,810 shares during the period. Steward Partners Investment Advisory LLC lifted its position in The Gabelli Dividend & Income Trust by 3.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 296,786 shares of the financial services provider’s stock valued at $7,167,000 after purchasing an additional 9,779 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 3.7% during the fourth quarter. Private Advisor Group LLC now owns 174,365 shares of the financial services provider’s stock valued at $4,211,000 after purchasing an additional 6,270 shares during the period.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 2,300 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the transaction, the insider now directly owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $24.34 on Thursday. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67. The business has a 50-day simple moving average of $24.61 and a two-hundred day simple moving average of $24.60.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, April 15th.

The Gabelli Dividend & Income Trust Company 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.