North Star Investment Management Corp. Reduces Stock Position in The Gabelli Dividend & Income Trust $GDV

North Star Investment Management Corp. lowered its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 35,020 shares of the financial services provider’s stock after selling 1,811 shares during the quarter. North Star Investment Management Corp.’s holdings in The Gabelli Dividend & Income Trust were worth $911,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 1.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,328,110 shares of the financial services provider’s stock worth $32,047,000 after purchasing an additional 14,346 shares during the period. Sit Investment Associates Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 6.3% in the 1st quarter. Sit Investment Associates Inc. now owns 900,838 shares of the financial services provider’s stock worth $21,737,000 after purchasing an additional 53,558 shares during the period. Advisors Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 3.1% in the 1st quarter. Advisors Asset Management Inc. now owns 494,300 shares of the financial services provider’s stock worth $11,927,000 after purchasing an additional 14,810 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 10.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 458,473 shares of the financial services provider’s stock worth $11,063,000 after purchasing an additional 43,617 shares during the period. Finally, LPL Financial LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 9.7% in the 1st quarter. LPL Financial LLC now owns 448,090 shares of the financial services provider’s stock worth $10,812,000 after purchasing an additional 39,590 shares during the period.

The Gabelli Dividend & Income Trust Stock Down 1.1%

NYSE:GDV opened at $26.97 on Friday. The company has a 50-day moving average price of $26.71 and a 200-day moving average price of $25.18. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $27.53.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.14 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Thursday, November 13th.

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.