Sit Investment Associates Inc. Has $21.74 Million Stake in The Gabelli Dividend & Income Trust (NYSE:GDV)

Sit Investment Associates Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900,838 shares of the financial services provider’s stock after buying an additional 53,558 shares during the quarter. Sit Investment Associates Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $21,737,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of The Gabelli Dividend & Income Trust by 75.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,103 shares of the financial services provider’s stock worth $27,000 after buying an additional 475 shares during the period. Farther Finance Advisors LLC grew its position in shares of The Gabelli Dividend & Income Trust by 380.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,050 shares during the period. Eastern Bank bought a new position in The Gabelli Dividend & Income Trust during the 1st quarter worth approximately $35,000. NBC Securities Inc. boosted its stake in The Gabelli Dividend & Income Trust by 103,150.0% during the 1st quarter. NBC Securities Inc. now owns 4,130 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 4,126 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $123,000.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $26.73 on Thursday. The company’s 50 day simple moving average is $25.98 and its 200 day simple moving average is $24.74. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.10 and a fifty-two week high of $26.77.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 18th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 640.0%.

The Gabelli Dividend & Income Trust Company 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.