Fifth Third Bancorp Purchases 64,560 Shares of The Gabelli Dividend & Income Trust $GDV

Fifth Third Bancorp boosted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 6,456.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,560 shares of the financial services provider’s stock after purchasing an additional 64,560 shares during the quarter. Fifth Third Bancorp’s holdings in The Gabelli Dividend & Income Trust were worth $1,766,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GDV. Focus Partners Wealth grew its holdings in shares of 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 buying an additional 9,310 shares during the period. Geneos Wealth Management Inc. acquired a new position in The Gabelli Dividend & Income Trust in the first quarter valued at about $55,000. First Trust Advisors LP grew its stake in The Gabelli Dividend & Income Trust by 2.0% in the second quarter. First Trust Advisors LP now owns 107,154 shares of the financial services provider’s stock valued at $2,787,000 after acquiring an additional 2,136 shares during the period. Raymond James Financial Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% in the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after acquiring an additional 31,024 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 24.6% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 70,738 shares of the financial services provider’s stock worth $1,840,000 after acquiring an additional 13,959 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Up 0.2%

NYSE GDV opened at $29.66 on Thursday. The Gabelli Dividend & Income Trust has a one year low of $25.75 and a one year high of $30.16. The stock’s 50-day moving average is $29.25 and its 200-day moving average is $28.70.

The Gabelli Dividend & Income Trust Dividend Announcement

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

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.