Shaker Financial Services LLC Boosts Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Shaker Financial Services LLC lifted its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,316 shares of the financial services provider’s stock after purchasing an additional 23,234 shares during the quarter. The Gabelli Dividend & Income Trust accounts for approximately 1.2% of Shaker Financial Services LLC’s holdings, making the stock its 23rd biggest position. Shaker Financial Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,024,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings 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 valued at $27,000 after acquiring an additional 475 shares during the last quarter. Raymond James Financial Inc. bought a new position in The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $31,727,000. Jones Road Capital Management L.P. bought a new position in The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $4,830,000. Rockefeller Capital Management L.P. boosted its holdings in The Gabelli Dividend & Income Trust by 36.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 187,020 shares of the financial services provider’s stock worth $4,517,000 after purchasing an additional 50,037 shares during the last quarter. Finally, Mariner LLC bought a new stake in The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $274,000.

The Gabelli Dividend & Income Trust Trading Up 1.2%

Shares of GDV opened at $26.12 on Tuesday. The firm has a fifty day simple moving average of $25.77 and a two-hundred day simple moving average of $24.67. The Gabelli Dividend & Income Trust has a 1-year low of $20.10 and a 1-year high of $26.77.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 24th. Investors of record on Friday, July 18th were given a dividend of $0.14 per share. This represents a yield of 637.0%. The ex-dividend date was Thursday, July 17th.

The Gabelli Dividend & Income Trust 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.