Capstone Investment Advisors LLC Takes Position in The Gabelli Dividend & Income Trust $GDV

Capstone Investment Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 262,242 shares of the financial services provider’s stock, valued at approximately $7,710,000.

A number of other hedge funds have also bought and sold shares of the business. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at $30,000. Assetmark Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 142.3% during the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 777 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $38,000. Allied Private Wealth LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth about $40,000. Finally, US Bancorp DE bought a new position in The Gabelli Dividend & Income Trust during the third quarter valued at about $43,000.

The Gabelli Dividend & Income Trust Stock Down 0.4%

Shares of GDV stock opened at $30.35 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $26.14 and a 52 week high of $31.00. The firm’s 50-day simple moving average is $29.88 and its two-hundred day simple moving average is $29.03.

The Gabelli Dividend & Income Trust Dividend Announcement

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 paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 5.9%.

The Gabelli Dividend & Income Trust Company Profile

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.