Allspring Global Investments Holdings LLC Raises Stake in The Gabelli Dividend & Income Trust $GDV

Allspring Global Investments Holdings LLC grew its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 685,066 shares of the financial services provider’s stock after buying an additional 52,201 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The Gabelli Dividend & Income Trust were worth $18,586,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Focus Partners Wealth increased its position in The Gabelli Dividend & Income Trust by 38.0% in the 1st quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock valued at $816,000 after acquiring an additional 9,310 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust in the first quarter valued at approximately $55,000. Parallel Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth approximately $49,000. Stolper Co raised its stake in shares of The Gabelli Dividend & Income Trust by 1.7% during the second quarter. Stolper Co now owns 41,561 shares of the financial services provider’s stock worth $1,081,000 after purchasing an additional 688 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth $37,000.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 3,600,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, December 26th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $36,000,000.00. Following the completion of the transaction, the insider directly owned 3,600,000 shares in the company, valued at approximately $36,000,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 5,823,500 shares of company stock worth $58,317,450 over the last three months.

The Gabelli Dividend & Income Trust Trading Down 0.0%

NYSE:GDV opened at $27.76 on Monday. The firm’s fifty day moving average price is $27.20 and its 200 day moving average price is $26.84. The Gabelli Dividend & Income Trust has a 1-year low of $20.10 and a 1-year high of $27.93.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, March 17th.

The Gabelli Dividend & Income Trust Company Profile

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.