Allspring Global Investments Holdings LLC Purchases 55,550 Shares of The Gabelli Dividend & Income Trust $GDV

Allspring Global Investments Holdings LLC raised its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 742,797 shares of the financial services provider’s stock after purchasing an additional 55,550 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Gabelli Dividend & Income Trust were worth $20,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. increased its position in The Gabelli Dividend & Income Trust by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after purchasing an additional 31,024 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in The Gabelli Dividend & Income Trust by 12.1% in the 4th quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock valued at $15,704,000 after buying an additional 61,113 shares during the last quarter. LPL Financial LLC boosted its position in The Gabelli Dividend & Income Trust by 6.7% during the 4th quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock worth $15,400,000 after buying an additional 35,064 shares during the period. Stifel Financial Corp boosted its position in The Gabelli Dividend & Income Trust by 1.4% during the 4th quarter. Stifel Financial Corp now owns 261,813 shares of the financial services provider’s stock worth $7,271,000 after buying an additional 3,529 shares during the period. Finally, Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 195,409 shares of the financial services provider’s stock worth $5,262,000 after acquiring an additional 2,046 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $29.59 on Wednesday. The Gabelli Dividend & Income Trust has a 52-week low of $25.75 and a 52-week high of $30.16. The firm has a 50 day moving average price of $29.24 and a two-hundred day moving average price of $28.68.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 6.1%.

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.