87,039 Shares in The Gabelli Dividend & Income Trust $GDV Acquired by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 87,039 shares of the financial services provider’s stock, valued at approximately $2,559,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. raised its holdings in The Gabelli Dividend & Income Trust by 19.4% during the 2nd quarter. Contravisory Investment Management Inc. now owns 19,145 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 3,115 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $40,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 10.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 126,603 shares of the financial services provider’s stock valued at $3,722,000 after purchasing an additional 11,628 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 32,158 shares of the financial services provider’s stock valued at $866,000 after purchasing an additional 751 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 1st quarter valued at $86,000.

The Gabelli Dividend & Income Trust Trading Down 0.4%

GDV opened at $30.78 on Friday. The Gabelli Dividend & Income Trust has a twelve month low of $26.14 and a twelve month high of $31.00. The company has a fifty day moving average of $29.61 and a 200-day moving average of $28.91.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 5.8%.

The Gabelli Dividend & Income Trust 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.