The Gabelli Dividend & Income Trust (NYSE:GDV) Position Trimmed by Raymond James & Associates

Posted by on May 15th, 2023

Raymond James & Associates trimmed its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV – Get Rating) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 893,801 shares of the financial services provider’s stock after selling 607 shares during the period. Raymond James & Associates’ holdings in The Gabelli Dividend & Income Trust were worth $18,421,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Karpus Management Inc. boosted its holdings in The Gabelli Dividend & Income Trust by 15.1% during the third quarter. Karpus Management Inc. now owns 1,271,388 shares of the financial services provider’s stock worth $23,800,000 after buying an additional 166,622 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in The Gabelli Dividend & Income Trust by 5.7% during the third quarter. Cohen & Steers Inc. now owns 716,831 shares of the financial services provider’s stock worth $13,419,000 after buying an additional 38,558 shares in the last quarter. Royal Bank of Canada boosted its holdings in The Gabelli Dividend & Income Trust by 3.7% during the third quarter. Royal Bank of Canada now owns 715,503 shares of the financial services provider’s stock worth $13,394,000 after buying an additional 25,424 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 2.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 452,917 shares of the financial services provider’s stock valued at $8,479,000 after acquiring an additional 11,863 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 13.0% in the 2nd quarter. LPL Financial LLC now owns 234,692 shares of the financial services provider’s stock valued at $4,799,000 after acquiring an additional 27,005 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $20.30 on Monday. The Gabelli Dividend & Income Trust has a 52 week low of $18.28 and a 52 week high of $23.27. The firm has a 50 day simple moving average of $20.61 and a 200 day simple moving average of $21.04.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 23rd. Investors of record on Tuesday, May 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $1.32 annualized dividend and a dividend yield of 6.50%.

The Gabelli Dividend & Income Trust Company Profile

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The Gabelli Dividend & Income Trust is a non-diversified, closed-end management investment company. It invests in sectors, such as financial services, energy and utilities, food and beverage, telecommunications, consumer products and healthcare. The company was founded on November 18, 2003 and is headquartered in Rye, NY.

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

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