The Gabelli Dividend & Income Trust $GDV Shares Sold by Sit Investment Associates Inc.

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

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

The Gabelli Dividend & Income Trust Trading Up 1.5%

NYSE GDV opened at $28.94 on Friday. The stock has a fifty day simple moving average of $28.87 and a 200-day simple moving average of $28.28. The Gabelli Dividend & Income Trust has a twelve month low of $24.57 and a twelve month 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 issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 6.2%.

About The Gabelli Dividend & Income Trust

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.