Ahrens Investment Partners LLC lifted its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,700 shares of the financial services provider’s stock after purchasing an additional 3,900 shares during the quarter. The Gabelli Dividend & Income Trust comprises approximately 1.2% of Ahrens Investment Partners LLC’s portfolio, making the stock its 23rd biggest position. Ahrens Investment Partners LLC’s holdings in The Gabelli Dividend & Income Trust were worth $2,872,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in GDV. Shaker Financial Services LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 90.4% during the third quarter. Shaker Financial Services LLC now owns 400,222 shares of the financial services provider’s stock worth $8,961,000 after purchasing an additional 190,026 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 21.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 432,330 shares of the financial services provider’s stock worth $9,680,000 after purchasing an additional 75,101 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in The Gabelli Dividend & Income Trust in the third quarter worth $769,000. Wells Fargo & Company MN raised its position in The Gabelli Dividend & Income Trust by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,104,456 shares of the financial services provider’s stock worth $25,855,000 after acquiring an additional 26,156 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in The Gabelli Dividend & Income Trust by 13.8% in the third quarter. Advisors Asset Management Inc. now owns 136,554 shares of the financial services provider’s stock worth $3,057,000 after acquiring an additional 16,608 shares in the last quarter.

The Gabelli Dividend & Income Trust (GDV) opened at $22.86 on Thursday. The Gabelli Dividend & Income Trust has a 52-week low of $20.50 and a 52-week high of $24.97.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 15th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Wednesday, March 14th.

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The Gabelli Dividend & Income Trust Profile

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a 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, such as fixed income debt securities and securities that are convertible into equity securities.

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Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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