Sit Investment Associates Inc. Has $13.08 Million Stake in The Gabelli Dividend & Income Trust $GDV

Sit Investment Associates Inc. lowered its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 24.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,152 shares of the financial services provider’s stock after selling 151,404 shares during the quarter. 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.

A number of other institutional investors also recently modified their holdings of GDV. PMG Family Office LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth about $511,000. Indivisible Partners bought a new stake in The Gabelli Dividend & Income Trust in the 4th quarter valued at about $491,000. Shaker Financial Services LLC increased its position in The Gabelli Dividend & Income Trust by 113.4% in the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after buying an additional 39,211 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in The Gabelli Dividend & Income Trust by 38.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock worth $2,834,000 after buying an additional 28,278 shares during the period. Finally, Evolve Private Wealth LLC acquired a new position in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $2,978,000.

The Gabelli Dividend & Income Trust Trading Up 0.5%

Shares of NYSE:GDV opened at $29.03 on Friday. The Gabelli Dividend & Income Trust has a 52-week low of $24.57 and a 52-week high of $29.58. The business’s 50 day simple moving average is $29.04 and its two-hundred day simple moving average is $28.35.

The Gabelli Dividend & Income Trust Dividend Announcement

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

The Gabelli Dividend & Income Trust Company 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.