128,350 Shares in The Gabelli Dividend & Income Trust (NYSE:GDV) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the third quarter, Holdings Channel reports. The fund purchased 128,350 shares of the financial services provider’s stock, valued at approximately $3,138,000.

A number of other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 2,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after purchasing an additional 337,680 shares during the period. Cornerstone Advisors LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 17.0% during the 2nd quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after buying an additional 239,758 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $3,212,000. Private Advisor Group LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 746.7% in the 2nd quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock valued at $3,711,000 after acquiring an additional 144,107 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter valued at $1,664,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE GDV opened at $25.30 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $20.20 and a 12-month high of $25.39. The company’s fifty day simple moving average is $24.57 and its 200 day simple moving average is $23.61.

The Gabelli Dividend & Income Trust Announces Dividend

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

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 3,131,500 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, October 11th. The stock was acquired at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the transaction, the insider now owns 3,131,500 shares in the company, valued at $31,315,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 3,134,000 shares of company stock valued at $31,369,800 in the last three months.

The Gabelli Dividend & Income Trust 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.