Sit Investment Associates Inc. Reduces Stake in The Gabelli Dividend & Income Trust $GDV

Sit Investment Associates Inc. lessened its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 24.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 471,152 shares of the financial services provider’s stock after selling 151,404 shares during the period. Sit Investment Associates Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $13,084,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Shaker Financial Services LLC increased its stake in The Gabelli Dividend & Income Trust by 113.4% in the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 39,211 shares during the last quarter. LPL Financial LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 6.7% during the 4th quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock worth $15,400,000 after buying an additional 35,064 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock valued at $35,351,000 after buying an additional 31,024 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter valued at $800,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock valued at $2,834,000 after buying an additional 28,278 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Up 1.5%

Shares of NYSE:GDV opened at $28.94 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $24.57 and a 12 month high of $29.58. The company’s fifty day moving average price is $28.87 and its 200 day moving average price is $28.28.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.