Rockefeller Capital Management L.P. Trims Stock Position in The Gabelli Dividend & Income Trust $GDV

Rockefeller Capital Management L.P. trimmed its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 18.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 136,655 shares of the financial services provider’s stock after selling 30,653 shares during the period. Rockefeller Capital Management L.P.’s holdings in The Gabelli Dividend & Income Trust were worth $3,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GDV. Focus Partners Wealth lifted its holdings in The Gabelli Dividend & Income Trust by 38.0% in the 1st quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock worth $816,000 after buying an additional 9,310 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust during the first quarter valued at $55,000. First Trust Advisors LP increased its position in shares of The Gabelli Dividend & Income Trust by 2.0% during the 2nd quarter. First Trust Advisors LP now owns 107,154 shares of the financial services provider’s stock valued at $2,787,000 after purchasing an additional 2,136 shares during the period. Raymond James Financial Inc. raised its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after purchasing an additional 31,024 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 24.6% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 70,738 shares of the financial services provider’s stock valued at $1,840,000 after purchasing an additional 13,959 shares during the period.

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $29.12 on Friday. The stock has a fifty day moving average price of $29.08 and a 200 day moving average price of $28.42. The Gabelli Dividend & Income Trust has a 1 year low of $25.69 and a 1 year high of $29.58.

The Gabelli Dividend & Income Trust Dividend Announcement

The company 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 $0.15 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

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.