Janney Montgomery Scott LLC Sells 22,565 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Janney Montgomery Scott LLC lowered its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDVFree Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,435 shares of the financial services provider’s stock after selling 22,565 shares during the period. Janney Montgomery Scott LLC’s holdings in The Gabelli Dividend & Income Trust were worth $897,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. lifted its stake in The Gabelli Dividend & Income Trust by 9.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 22,462 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 1,930 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in The Gabelli Dividend & Income Trust by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 45,958 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 1,650 shares during the last quarter. Raymond James & Associates lifted its stake in The Gabelli Dividend & Income Trust by 3.1% during the fourth quarter. Raymond James & Associates now owns 896,701 shares of the financial services provider’s stock worth $19,405,000 after purchasing an additional 26,717 shares during the last quarter. CWM LLC lifted its stake in The Gabelli Dividend & Income Trust by 223.5% during the fourth quarter. CWM LLC now owns 4,633 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 3,201 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in The Gabelli Dividend & Income Trust by 40.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 600 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Up 0.1 %

Shares of GDV stock opened at $22.24 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $18.04 and a 12-month high of $23.00. The business has a 50-day moving average price of $22.36 and a two-hundred day moving average price of $21.74.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 16th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Monday, September 16th.

The Gabelli Dividend & Income Trust Company Profile

(Free Report)

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.

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

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