Hennion & Walsh Asset Management Inc. Raises Stock Holdings in The Gabelli Dividend & Income Trust $GDV

Hennion & Walsh Asset Management Inc. boosted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 38.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 102,053 shares of the financial services provider’s stock after acquiring an additional 28,278 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $2,834,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in GDV. Community Bank N.A. acquired a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $27,000. Larson Financial Group LLC purchased a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at approximately $30,000. CIBC Private Wealth Group LLC acquired a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $38,000. US Bancorp DE acquired a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $43,000. Finally, Geneos Wealth Management Inc. purchased a new position in The Gabelli Dividend & Income Trust during the 1st quarter worth approximately $55,000.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average cost of $28.72 per share, for a total transaction of $157,960.00. Following the completion of the transaction, the insider directly owned 20,500 shares of the company’s stock, valued at approximately $588,760. This trade represents a 36.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James P. Conn purchased 1,000 shares of the stock in a transaction on Tuesday, January 27th. The stock was acquired at an average cost 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. Insiders have purchased 12,084 shares of company stock valued at $349,060 over the last 90 days.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $26.95 on Wednesday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $29.46. The company has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $27.63.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced 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. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, June 15th.

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.