Quad Cities Investment Group LLC Lowers Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Quad Cities Investment Group LLC trimmed its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.5% during the 4th quarter, Holdings Channel reports. The fund owned 9,161 shares of the financial services provider’s stock after selling 436 shares during the period. Quad Cities Investment Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after purchasing an additional 721 shares in the last quarter. City of London Investment Management Co. Ltd. raised its stake in The Gabelli Dividend & Income Trust by 18.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 64,826 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 10,024 shares in the last quarter. Cornerstone Advisors LLC lifted its holdings in The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after buying an additional 239,758 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in The Gabelli Dividend & Income Trust by 1.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock valued at $1,468,000 after acquiring an additional 615 shares in the last quarter. Finally, Logan Stone Capital LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 21.8% in the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock valued at $4,734,000 after acquiring an additional 37,363 shares during the period.

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $24.00 on Tuesday. The Gabelli Dividend & Income Trust has a 12 month low of $20.93 and a 12 month high of $25.67. The stock has a fifty day moving average price of $24.73 and a 200-day moving average price of $24.09.

The Gabelli Dividend & Income Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be issued a $0.14 dividend. The ex-dividend date is Thursday, January 16th. This is an increase from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

The Gabelli Dividend & Income Trust Profile

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.