Aurora Private Wealth Inc. increases its equity position in The Gabelli Dividend & Income Trust (NYSE: GDV)


The Gabelli Dividend & Income Trust logoAurora Private Wealth Inc. increased its holdings of The Gabelli Dividend & Income Trust (NYSE: GDV – Get Rating) stock by 31.8% during the fourth quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. (DRY) . The company held 10,868 shares of the financial services provider after purchasing an additional 2,624 shares during the period. Aurora Private Wealth Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $293,000 when it last filed with the SEC.

Other large investors have also changed their stake in the company. Janney Montgomery Scott LLC increased its position in shares of The Gabelli Dividend & Income Trust by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 79,925 shares of the financial services provider worth $2,061,000 after buying 473 additional shares last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of The Gabelli Dividend & Income Trust by 100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,000 shares of the financial services provider worth $26,000 after buying an additional 500 shares in the last quarter. Morgan Stanley increased its position in shares of The Gabelli Dividend & Income Trust by 0.9% during the third quarter. Morgan Stanley now owns 6,112,295 shares of the financial services provider worth $157,636,000 after buying an additional 56,369 shares last quarter. Claraphi Advisory Network LLC acquired a new equity position in The Gabelli Dividend & Income Trust during the third quarter worth approximately $257,000. Finally, Boenning & Scattergood Inc. increased its position in shares of The Gabelli Dividend & Income Trust by 2.0% during the fourth quarter. Boenning & Scattergood Inc. now owns 31,168 shares of the financial services provider worth $842,000 after buying 611 additional shares last quarter.

Separately, Chairman Bruce N. Alpert acquired 4,000 shares of the company in a transaction dated Monday, March 14. The shares were acquired at an average cost of $21.05 per share, with a total value of $84,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.

GDV lost $0.12 on Friday, hitting $24.20. The company’s shares had a trading volume of 150,157 shares, compared to an average volume of 205,593. The stock has a 50-day moving average of $24.34 and a two-hundred-day moving average of $25.69 . The Gabelli Dividend & Income Trust has a fifty-two week low of $22.42 and a fifty-two week high of $27.61.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 23. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.11. This represents an annualized dividend of $1.32 and a dividend yield of 5.45%. The ex-dividend date is Tuesday, June 14.

About Gabelli Dividend and Income Trust (Get an assessment)

The Gabelli Dividend & Income Trust is a closed-end mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public stock markets of the United States. The fund seeks to invest in shares of companies operating in diversified sectors. It invests primarily in shares of companies paying dividends.

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Institutional ownership by quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)



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