The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,287 shares of the financial services provider’s stock after buying an additional 1,025 shares during the quarter. Level Four Advisory Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GDV. Jones Financial Companies Lllp purchased a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at about $28,000. IFP Advisors Inc raised its stake in The Gabelli Dividend & Income Trust by 1,425.3% during the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,126 shares during the period. US Bancorp DE acquired a new position in The Gabelli Dividend & Income Trust in the 4th quarter valued at about $39,000. TD Private Client Wealth LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $78,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $180,000.

The Gabelli Dividend & Income Trust Price Performance

GDV stock opened at $24.19 on Tuesday. 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 fifty day moving average of $24.63 and a two-hundred day moving average of $24.60.

The Gabelli Dividend & Income Trust Announces Dividend

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

Insiders Place Their Bets

In related 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 acquisition, the insider now owns 145,812 shares in the company, valued at $3,620,511.96. The trade was a 1.60 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.