Sit Investment Associates Inc. Raises Stake in The Gabelli Dividend & Income Trust (NYSE:GDV)

Sit Investment Associates Inc. boosted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 91.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 847,280 shares of the financial services provider’s stock after buying an additional 404,940 shares during the period. Sit Investment Associates Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $20,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DAVENPORT & Co LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 2.4% in the 4th quarter. DAVENPORT & Co LLC now owns 16,788 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 400 shares during the period. MML Investors Services LLC increased its holdings in The Gabelli Dividend & Income Trust by 3.6% in the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 488 shares in the last quarter. Integrated Capital Management Inc. raised its position in The Gabelli Dividend & Income Trust by 3.8% in the fourth quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 576 shares during the period. Level Four Advisory Services LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 8.4% during the fourth quarter. Level Four Advisory Services LLC now owns 13,287 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,025 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of The Gabelli Dividend & Income Trust by 1,425.3% in the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,126 shares during the period.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $24.83 per share, with a total value of $57,109.00. Following the completion of the acquisition, the insider now owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $21.67 on Friday. The Gabelli Dividend & Income Trust has a one year low of $21.44 and a one year high of $25.67. The stock’s 50 day moving average price is $24.50 and its 200 day moving average price is $24.58.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a $0.14 dividend. The ex-dividend date is Tuesday, April 15th.

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.