Integrated Capital Management Inc. Boosts Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Integrated Capital Management Inc. raised its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,656 shares of the financial services provider’s stock after purchasing an additional 576 shares during the quarter. The Gabelli Dividend & Income Trust comprises approximately 0.3% of Integrated Capital Management Inc.’s holdings, making the stock its 26th biggest position. Integrated Capital Management Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $378,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GDV. TD Private Client Wealth LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter worth about $78,000. Larson Financial Group LLC increased its stake in The Gabelli Dividend & Income Trust by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 2,800 shares during the last quarter. CWM LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 545 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $180,000. Finally, Constitution Capital LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $203,000.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $24.00 on Tuesday. The company’s fifty day moving average is $24.73 and its 200 day moving average is $24.09. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.93 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This is an increase from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.