Shaker Financial Services LLC Has $2.05 Million Stock Holdings in The Gabelli Dividend & Income Trust $GDV

Shaker Financial Services LLC grew its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 113.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,792 shares of the financial services provider’s stock after buying an additional 39,211 shares during the quarter. Shaker Financial Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $2,049,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock valued at $35,351,000 after buying an additional 31,024 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 687,247 shares of the financial services provider’s stock valued at $19,085,000 after buying an additional 2,181 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 1.4% during the third quarter. Advisors Asset Management Inc. now owns 504,378 shares of the financial services provider’s stock valued at $13,684,000 after buying an additional 7,006 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 4.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 169,820 shares of the financial services provider’s stock valued at $4,789,000 after buying an additional 6,460 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 2.0% during the third quarter. Oppenheimer & Co. Inc. now owns 169,204 shares of the financial services provider’s stock valued at $4,591,000 after buying an additional 3,299 shares during the last quarter.

Insider Activity

In other news, insider Mario J. Gabelli purchased 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average cost of $28.72 per share, for a total transaction of $157,960.00. Following the completion of the acquisition, the insider owned 20,500 shares in the company, valued at $588,760. This trade represents a 36.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Conn purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were purchased at an average price of $28.73 per share, for a total transaction of $28,730.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at $28,730. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 12,084 shares of company stock worth $349,060.

The Gabelli Dividend & Income Trust Trading Up 1.3%

Shares of NYSE GDV opened at $29.23 on Friday. The company has a 50-day moving average price of $28.12 and a 200-day moving average price of $27.72. The Gabelli Dividend & Income Trust has a 1 year low of $21.82 and a 1 year high of $29.46.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.2%.

The Gabelli Dividend & Income Trust 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.