The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Purchased by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. grew its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,462 shares of the financial services provider’s stock after acquiring an additional 1,930 shares during the period. Cutter & CO Brokerage Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Kennedy Investment Group lifted its position in shares of The Gabelli Dividend & Income Trust by 1.5% during the 3rd quarter. Kennedy Investment Group now owns 42,637 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 641 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 5.9% during the 3rd quarter. Private Advisor Group LLC now owns 13,798 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 772 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust by 0.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 130,421 shares of the financial services provider’s stock valued at $2,535,000 after acquiring an additional 817 shares during the last quarter. Sigma Planning Corp raised its position in shares of The Gabelli Dividend & Income Trust by 3.4% during the 3rd quarter. Sigma Planning Corp now owns 25,828 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 839 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its stake in The Gabelli Dividend & Income Trust by 3.3% during the third quarter. 180 Wealth Advisors LLC now owns 31,201 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 1,008 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock traded up $0.25 during mid-day trading on Tuesday, hitting $22.21. The company had a trading volume of 167,798 shares, compared to its average volume of 179,642. The Gabelli Dividend & Income Trust has a 1 year low of $18.04 and a 1 year high of $23.00. The business has a fifty day moving average of $22.32 and a 200 day moving average of $21.13.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, April 15th. This represents a yield of 6.01%.

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.