Stifel Financial Corp Cuts Stake in The Gabelli Dividend & Income Trust (NYSE:GDV)

Stifel Financial Corp lowered its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDVFree Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,047 shares of the financial services provider’s stock after selling 21,702 shares during the period. Stifel Financial Corp’s holdings in The Gabelli Dividend & Income Trust were worth $5,519,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in The Gabelli Dividend & Income Trust by 40.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock worth $45,000 after buying an additional 600 shares during the last quarter. Bogart Wealth LLC increased its holdings in The Gabelli Dividend & Income Trust by 31.4% in the 4th quarter. Bogart Wealth LLC now owns 4,184 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC raised its stake in The Gabelli Dividend & Income Trust by 223.5% in the 4th quarter. CWM LLC now owns 4,633 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 3,201 shares during the period. SMH Capital Advisors Inc. purchased a new stake in The Gabelli Dividend & Income Trust during the fourth quarter valued at about $209,000. Finally, Centurion Wealth Management LLC bought a new position in The Gabelli Dividend & Income Trust during the fourth quarter worth about $210,000.

The Gabelli Dividend & Income Trust Trading Up 0.0 %

GDV opened at $22.87 on Friday. The firm has a 50-day moving average price of $22.35 and a 200-day moving average price of $21.87. The Gabelli Dividend & Income Trust has a twelve month low of $18.04 and a twelve month high of $23.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, September 16th. This represents a $1.32 dividend on an annualized basis and a yield of 5.77%.

The Gabelli Dividend & Income Trust Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Dividend & Income Trust (NYSE:GDVFree Report).

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

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