Quad Cities Investment Group LLC Sells 436 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Quad Cities Investment Group LLC decreased its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,161 shares of the financial services provider’s stock after selling 436 shares during the quarter. Quad Cities Investment Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $221,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GDV. Envestnet Asset Management Inc. lifted its position in The Gabelli Dividend & Income Trust by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 721 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of The Gabelli Dividend & Income Trust by 18.3% during the second quarter. City of London Investment Management Co. Ltd. now owns 64,826 shares of the financial services provider’s stock worth $1,472,000 after purchasing an additional 10,024 shares during the last quarter. Cornerstone Advisors LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock valued at $37,459,000 after purchasing an additional 239,758 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of The Gabelli Dividend & Income Trust by 1.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock worth $1,468,000 after purchasing an additional 615 shares during the last quarter. Finally, Logan Stone Capital LLC increased its stake in The Gabelli Dividend & Income Trust by 21.8% in the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock worth $4,734,000 after buying an additional 37,363 shares during the period.

The Gabelli Dividend & Income Trust Trading Up 0.3 %

Shares of GDV opened at $24.00 on Tuesday. The Gabelli Dividend & Income Trust has a 1-year low of $20.93 and a 1-year high of $25.67. The company has a 50-day moving average of $24.73 and a 200 day moving average of $24.09.

The Gabelli Dividend & Income Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, January 16th. This is an increase from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

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.