Transcend Capital Advisors LLC Sells 999 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Transcend Capital Advisors LLC lessened its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,072 shares of the financial services provider’s stock after selling 999 shares during the period. Transcend Capital Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 2.9% during the third quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock worth $4,110,000 after purchasing an additional 4,689 shares during the period. International Assets Investment Management LLC grew its holdings in The Gabelli Dividend & Income Trust by 2,345.0% during the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after purchasing an additional 337,680 shares during the period. Dakota Wealth Management boosted its stake in shares of The Gabelli Dividend & Income Trust by 6.9% during the 3rd quarter. Dakota Wealth Management now owns 35,425 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 2,295 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 0.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 160,640 shares of the financial services provider’s stock worth $3,928,000 after acquiring an additional 864 shares during the period. Finally, Shaker Financial Services LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 241.0% during the 3rd quarter. Shaker Financial Services LLC now owns 58,652 shares of the financial services provider’s stock worth $1,434,000 after acquiring an additional 41,452 shares during the period.

The Gabelli Dividend & Income Trust Trading Down 0.9 %

Shares of NYSE GDV opened at $24.96 on Friday. The stock has a 50 day moving average of $24.70 and a 200-day moving average of $24.46. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Friday, June 13th.

Insider Buying and Selling

In other news, insider Mario J. Gabelli acquired 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the acquisition, the insider now directly owns 145,812 shares in the company, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Company 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.