Bank of America Corp DE Has $13.65 Million Holdings in The Gabelli Dividend & Income Trust $GDV

Bank of America Corp DE trimmed its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 506,838 shares of the financial services provider’s stock after selling 24,637 shares during the quarter. Bank of America Corp DE’s holdings in The Gabelli Dividend & Income Trust were worth $13,649,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GDV. Compound Planning Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 2.6% in the first quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 406 shares during the last quarter. Gables Capital Management Inc. raised its position in The Gabelli Dividend & Income Trust by 3.0% in the 1st quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 500 shares during the last quarter. HighTower Advisors LLC raised its position in The Gabelli Dividend & Income Trust by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock valued at $1,629,000 after purchasing an additional 633 shares during the last quarter. Focus Partners Wealth boosted its stake in The Gabelli Dividend & Income Trust by 2.2% in the third quarter. Focus Partners Wealth now owns 35,180 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 743 shares in the last quarter. Finally, Private Wealth Partners LLC boosted its stake in The Gabelli Dividend & Income Trust by 0.8% in the first quarter. Private Wealth Partners LLC now owns 94,859 shares of the financial services provider’s stock worth $2,555,000 after purchasing an additional 750 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV stock opened at $30.38 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $26.14 and a 52 week high of $31.00. The stock’s fifty day moving average is $29.78 and its 200-day moving average is $28.98.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a yield of 5.9%.

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.