Rockefeller Capital Management L.P. Decreases Holdings in The Gabelli Dividend & Income Trust $GDV

Rockefeller Capital Management L.P. lowered its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,655 shares of the financial services provider’s stock after selling 30,653 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in The Gabelli Dividend & Income Trust were worth $3,795,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GDV. PMG Family Office LLC acquired a new stake in The Gabelli Dividend & Income Trust in the third quarter worth about $511,000. Indivisible Partners acquired a new stake in The Gabelli Dividend & Income Trust in the 4th quarter worth about $491,000. Evolve Private Wealth LLC purchased a new position in The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $2,978,000. Shaker Financial Services LLC increased its position in The Gabelli Dividend & Income Trust by 113.4% during the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock worth $2,049,000 after purchasing an additional 39,211 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in The Gabelli Dividend & Income Trust by 38.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock valued at $2,834,000 after purchasing an additional 28,278 shares during the period.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $29.12 on Friday. The company’s 50-day simple moving average is $29.08 and its 200-day simple moving average is $28.42. The Gabelli Dividend & Income Trust has a 1 year low of $25.69 and a 1 year high of $29.58.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders 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) dividend on an annualized basis and a dividend 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.