Cohen & Steers Inc. Lowers Stake in The Gabelli Dividend & Income Trust (GDV)

Cohen & Steers Inc. cut its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 796,314 shares of the financial services provider’s stock after selling 81,546 shares during the period. Cohen & Steers Inc. owned 0.96% of The Gabelli Dividend & Income Trust worth $17,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 3.4% during the 2nd quarter. IHT Wealth Management LLC now owns 5,529 shares of the financial services provider’s stock valued at $254,000 after buying an additional 183 shares during the period. Sigma Planning Corp purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at $219,000. Sowell Financial Services LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at $254,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at $248,000. Finally, Wayne Hummer Investments L.L.C. purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at $256,000.

Shares of The Gabelli Dividend & Income Trust (GDV) opened at $22.54 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $19.90 and a 12 month high of $22.86.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.86%.

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The Gabelli Dividend & Income Trust Profile

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.

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

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