The Gabelli Dividend & Income Trust (GDV) Stake Boosted by Suntrust Banks Inc.

Suntrust Banks Inc. raised its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 56.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,171 shares of the financial services provider’s stock after purchasing an additional 9,462 shares during the period. Suntrust Banks Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $569,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GDV. Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 99.2% in the 2nd quarter. Private Advisor Group LLC now owns 21,040 shares of the financial services provider’s stock valued at $461,000 after buying an additional 10,477 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in The Gabelli Dividend & Income Trust by 28.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 28,448 shares of the financial services provider’s stock valued at $621,000 after buying an additional 6,330 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of The Gabelli Dividend & Income Trust by 12.0% during the 2nd quarter. First Trust Advisors LP now owns 124,439 shares of the financial services provider’s stock worth $2,715,000 after purchasing an additional 13,349 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 1,847.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 90,553 shares of the financial services provider’s stock worth $4,150,000 after purchasing an additional 85,903 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of The Gabelli Dividend & Income Trust by 1.5% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 537,951 shares of the financial services provider’s stock worth $11,738,000 after purchasing an additional 8,134 shares in the last quarter.

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Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) opened at 22.64 on Wednesday. The company has a 50-day moving average price of $22.09 and a 200 day moving average price of $21.76. The Gabelli Dividend & Income Trust has a 52 week low of $18.00 and a 52 week high of $22.76.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, December 7th.

Separately, Stifel Nicolaus lowered The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a report on Monday, June 26th.

About The Gabelli Dividend & Income Trust

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.

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

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