Croft Leominster Inc. Maintains Stake in The Gabelli Dividend & Income Trust (GDV)

Croft Leominster Inc. held its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,900 shares of the financial services provider’s stock at the close of the second quarter. Croft Leominster Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $269,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 3.4% during the second quarter. IHT Wealth Management LLC now owns 5,529 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 183 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth approximately $219,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth approximately $248,000. Wayne Hummer Investments L.L.C. purchased a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth approximately $256,000. Finally, Stratos Wealth Partners LTD. raised its stake in shares of The Gabelli Dividend & Income Trust by 3.5% during the second quarter. Stratos Wealth Partners LTD. now owns 12,537 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 420 shares in the last quarter.

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Separately, Stifel Nicolaus downgraded shares of The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a research note on Monday, June 26th.

The Gabelli Dividend & Income Trust (GDV) traded up 0.1769% on Friday, hitting $22.7101. 24,960 shares of the company’s stock traded hands. The Gabelli Dividend & Income Trust has a 12 month low of $18.00 and a 12 month high of $22.75. The stock has a 50 day moving average price of $22.04 and a 200-day moving average price of $21.73.

The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.82%.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.

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

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