Stifel Financial Corp Cuts Holdings in The Gabelli Dividend & Income Trust (GDV)

Stifel Financial Corp lessened its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 6.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,996 shares of the financial services provider’s stock after selling 7,907 shares during the period. Stifel Financial Corp owned 0.14% of The Gabelli Dividend & Income Trust worth $2,573,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GDV. First Trust Advisors LP grew its stake in shares of The Gabelli Dividend & Income Trust by 12.0% during the second quarter. First Trust Advisors LP now owns 124,439 shares of the financial services provider’s stock valued at $2,715,000 after buying an additional 13,349 shares during the last quarter. Blair William & Co. IL bought a new position in shares of The Gabelli Dividend & Income Trust during the second quarter valued at about $430,000. Wayne Hummer Investments L.L.C. bought a new position in shares of The Gabelli Dividend & Income Trust during the second quarter valued at about $256,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 28.6% during the second 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. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the second quarter valued at about $248,000.

The Gabelli Dividend & Income Trust (NYSE GDV) traded up $0.15 during midday trading on Friday, hitting $24.36. The company had a trading volume of 170,809 shares, compared to its average volume of 167,467. The Gabelli Dividend & Income Trust has a 12 month low of $20.03 and a 12 month high of $24.40.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.42%.

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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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