The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Acquired by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. grew its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 9.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,462 shares of the financial services provider’s stock after buying an additional 1,930 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GDV. PNC Financial Services Group Inc. lifted its stake in The Gabelli Dividend & Income Trust by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 45,958 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 1,650 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of The Gabelli Dividend & Income Trust by 3.1% in the 4th quarter. Raymond James & Associates now owns 896,701 shares of the financial services provider’s stock valued at $19,405,000 after buying an additional 26,717 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 2.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 145,849 shares of the financial services provider’s stock valued at $2,835,000 after buying an additional 3,772 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of The Gabelli Dividend & Income Trust by 2,064.0% during the 4th quarter. International Assets Investment Management LLC now owns 311,616 shares of the financial services provider’s stock valued at $6,743,000 after buying an additional 297,216 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in The Gabelli Dividend & Income Trust by 0.5% during the third quarter. Stifel Financial Corp now owns 276,749 shares of the financial services provider’s stock worth $5,380,000 after acquiring an additional 1,369 shares during the period.

The Gabelli Dividend & Income Trust Stock Performance

GDV stock traded up $0.25 during midday trading on Tuesday, reaching $22.21. The company had a trading volume of 167,798 shares, compared to its average volume of 179,642. The stock has a 50 day moving average price of $22.32 and a 200 day moving average price of $21.13. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $23.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, April 15th. This represents a yield of 6.01%.

The Gabelli Dividend & Income Trust Profile

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.