Sit Investment Associates Inc. Sells 151,404 Shares of The Gabelli Dividend & Income Trust $GDV

Sit Investment Associates Inc. reduced its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,152 shares of the financial services provider’s stock after selling 151,404 shares during the quarter. Sit Investment Associates Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $13,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Community Bank N.A. acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $27,000. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at about $30,000. CIBC Private Wealth Group LLC acquired a new position in The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $38,000. US Bancorp DE acquired a new position in The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $43,000. Finally, Hilton Head Capital Partners LLC bought a new stake in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $44,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $29.03 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $24.57 and a 52 week high of $29.58. The stock has a 50 day moving average price of $29.04 and a two-hundred day moving average price of $28.35.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 6.2%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.