MSH Capital Advisors LLC Makes New Investment in The Gabelli Dividend & Income Trust $GDV

MSH Capital Advisors LLC bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,946 shares of the financial services provider’s stock, valued at approximately $2,968,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GDV. Raymond James Financial Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock valued at $35,351,000 after purchasing an additional 31,024 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 8.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 742,797 shares of the financial services provider’s stock valued at $20,004,000 after acquiring an additional 55,550 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 12.1% in the 4th quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock worth $15,704,000 after purchasing an additional 61,113 shares during the period. LPL Financial LLC lifted its holdings in The Gabelli Dividend & Income Trust by 6.7% in the fourth quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock worth $15,400,000 after buying an additional 35,064 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of The Gabelli Dividend & Income Trust by 1.4% in the 4th quarter. Stifel Financial Corp now owns 261,813 shares of the financial services provider’s stock valued at $7,271,000 after purchasing an additional 3,529 shares during the period.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV stock opened at $30.47 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $26.14 and a 12 month high of $31.00. The company’s fifty day moving average price is $29.73 and its 200-day moving average price is $28.96.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be given a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, December 11th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.