IHT Wealth Management LLC Increases Position in The Gabelli Dividend & Income Trust (GDV)

IHT Wealth Management LLC increased its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,529 shares of the financial services provider’s stock after acquiring an additional 183 shares during the quarter. IHT Wealth Management LLC’s holdings in The Gabelli Dividend & Income Trust were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in The Gabelli Dividend & Income Trust by 1.5% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 537,951 shares of the financial services provider’s stock worth $11,738,000 after acquiring an additional 8,134 shares during the period. Shaker Financial Services LLC increased its position in The Gabelli Dividend & Income Trust by 1,029.1% during the second quarter. Shaker Financial Services LLC now owns 210,196 shares of the financial services provider’s stock worth $4,586,000 after acquiring an additional 191,580 shares during the period. First Allied Advisory Services Inc. increased its position in The Gabelli Dividend & Income Trust by 2.9% during the second quarter. First Allied Advisory Services Inc. now owns 169,409 shares of the financial services provider’s stock worth $3,704,000 after acquiring an additional 4,768 shares during the period. First Trust Advisors LP increased its position in The Gabelli Dividend & Income Trust by 12.0% during the second quarter. First Trust Advisors LP now owns 124,439 shares of the financial services provider’s stock worth $2,715,000 after acquiring an additional 13,349 shares during the period. Finally, Advisors Asset Management Inc. increased its position in The Gabelli Dividend & Income Trust by 2.9% during the second quarter. Advisors Asset Management Inc. now owns 119,946 shares of the financial services provider’s stock worth $2,617,000 after acquiring an additional 3,380 shares during the period.

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Shares of The Gabelli Dividend & Income Trust (NYSE GDV) traded down 0.04% during trading on Wednesday, reaching $22.65. 11,852 shares of the company were exchanged. The stock’s market capitalization is $1.87 billion. The company has a 50 day moving average price of $21.97 and a 200-day moving average price of $21.72. The Gabelli Dividend & Income Trust has a one year low of $18.00 and a one year high of $22.72.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend is Thursday, December 7th.

Separately, Stifel Nicolaus lowered shares of The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a research report on Monday, June 26th.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.

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Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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