Advisory Services Network Lowers stake in The Gabelli Dividend & Income Trust (GDV)

The Gabelli Dividend & Income Trust (GDV) : Advisory Services Network reduced its stake in The Gabelli Dividend & Income Trust by 4.59% during the most recent quarter end. The investment management company now holds a total of 14,560 shares of The Gabelli Dividend & Income Trust which is valued at $279,698 after selling 700 shares in The Gabelli Dividend & Income Trust , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.The Gabelli Dividend & Income Trust makes up approximately 0.05% of Advisory Services Network’s portfolio.

The Gabelli Dividend & Income Trust closed down -0.11 points or -0.57% at $19.21 with 1,30,704 shares getting traded on Friday. Post opening the session at $19.28, the shares hit an intraday low of $19.09 and an intraday high of $19.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

The Gabelli Dividend & Income Trust (the Fund) is a United States-based diversified closed-end management investment company. The Fund’s investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities (fixed income debt securities and securities that are convertible into equity securities). The Fund’s range of investments includes common stocks convertible preferred stocks convertible corporate bonds warrants and short-term obligations. The Fund’s portfolio of industries include financial services food and beverage health care energy and utilities: oil retail diversified industrial telecommunications cable and satellite energy and utilities: services consumer products and energy and utilities: integrated among others. Its investment advisor is Gabelli Funds LLC.

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