Prevail Innovative Wealth Advisors LLC Lowers Position in The Gabelli Dividend & Income Trust $GDV

Prevail Innovative Wealth Advisors LLC trimmed its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 80.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,086 shares of the financial services provider’s stock after selling 56,652 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of The Gabelli Dividend & Income Trust by 11.5% in the 3rd quarter. First Trust Advisors LP now owns 119,453 shares of the financial services provider’s stock worth $3,241,000 after purchasing an additional 12,299 shares during the period. US Bancorp DE purchased a new position in The Gabelli Dividend & Income Trust during the third quarter valued at approximately $43,000. Compound Planning Inc. bought a new position in The Gabelli Dividend & Income Trust in the third quarter worth approximately $408,000. MSH Capital Advisors LLC raised its stake in The Gabelli Dividend & Income Trust by 11.1% in the third quarter. MSH Capital Advisors LLC now owns 99,216 shares of the financial services provider’s stock worth $2,692,000 after buying an additional 9,933 shares in the last quarter. Finally, Echo45 Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust during the third quarter worth $323,000.

The Gabelli Dividend & Income Trust Stock Down 1.5%

Shares of NYSE GDV opened at $27.77 on Monday. The stock’s fifty day simple moving average is $28.59 and its two-hundred day simple moving average is $27.61. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $29.46.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th 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 Monday, June 15th.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, Director James P. Conn bought 1,000 shares of The Gabelli Dividend & Income Trust stock in a transaction on Tuesday, January 27th. The stock was acquired at an average cost of $28.73 per share, for a total transaction of $28,730.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at $28,730. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mario J. Gabelli purchased 4,500 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $29.09 per share, with a total value of $130,905.00. Following the completion of the transaction, the insider owned 25,000 shares of the company’s stock, valued at approximately $727,250. The trade was a 21.95% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 5,830,584 shares of company stock worth $58,534,060.

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.