Wedbush Securities Inc. Raises Stake in The Gabelli Dividend & Income Trust (NYSE:GDV)

Wedbush Securities Inc. grew its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,339 shares of the financial services provider’s stock after purchasing an additional 2,054 shares during the quarter. Wedbush Securities Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $549,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GDV. Raymond James & Associates boosted its stake in shares of The Gabelli Dividend & Income Trust by 14.1% during the first quarter. Raymond James & Associates now owns 503,415 shares of the financial services provider’s stock valued at $10,713,000 after purchasing an additional 62,386 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 2.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 717,340 shares of the financial services provider’s stock valued at $15,265,000 after purchasing an additional 18,059 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 39.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 52,895 shares of the financial services provider’s stock valued at $1,146,000 after purchasing an additional 14,942 shares during the period. National Asset Management Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter valued at approximately $313,000. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter valued at approximately $298,000.

Shares of NYSE:GDV traded up $0.20 during trading on Friday, reaching $20.49. 2,401 shares of the company traded hands, compared to its average volume of 159,953. The Gabelli Dividend & Income Trust has a 52-week low of $16.92 and a 52-week high of $24.30. The business’s fifty day moving average is $21.66 and its 200-day moving average is $21.36.

About The Gabelli Dividend & Income Trust

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.

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

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