Cresset Asset Management LLC Reduces Holdings in The Gabelli Dividend & Income Trust $GDV

Cresset Asset Management LLC decreased its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,899 shares of the financial services provider’s stock after selling 699 shares during the period. Cresset Asset Management LLC’s holdings in The Gabelli Dividend & Income Trust were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Saba Capital Management L.P. boosted its position in The Gabelli Dividend & Income Trust by 15.1% during the 4th quarter. Saba Capital Management L.P. now owns 6,097,170 shares of the financial services provider’s stock valued at $147,247,000 after acquiring an additional 801,838 shares in the last quarter. Bulldog Investors LLP lifted its stake in shares of The Gabelli Dividend & Income Trust by 100.9% in the 4th quarter. Bulldog Investors LLP now owns 301,339 shares of the financial services provider’s stock valued at $7,278,000 after purchasing an additional 151,344 shares during the period. Capstone Investment Advisors LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 91.4% during the fourth quarter. Capstone Investment Advisors LLC now owns 245,639 shares of the financial services provider’s stock valued at $5,932,000 after purchasing an additional 117,289 shares in the last quarter. Sit Investment Associates Inc. grew its stake in The Gabelli Dividend & Income Trust by 6.3% in the first quarter. Sit Investment Associates Inc. now owns 900,838 shares of the financial services provider’s stock worth $21,737,000 after purchasing an additional 53,558 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in The Gabelli Dividend & Income Trust in the first quarter worth $1,157,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $26.83 on Wednesday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $26.89. The business has a fifty day simple moving average of $26.25 and a two-hundred day simple moving average of $24.83.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, December 12th.

About The Gabelli Dividend & Income Trust

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.