1607 Capital Partners LLC Sells 113,736 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

1607 Capital Partners LLC lessened its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,605 shares of the financial services provider’s stock after selling 113,736 shares during the period. 1607 Capital Partners LLC’s holdings in The Gabelli Dividend & Income Trust were worth $8,588,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. increased 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 worth $27,000 after acquiring an additional 475 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth approximately $28,000. IFP Advisors Inc increased its position in The Gabelli Dividend & Income Trust by 1,425.3% during the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,126 shares during the period. US Bancorp DE bought a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at about $39,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $180,000.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $22.71 on Wednesday. The firm has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $24.44. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, April 15th.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the acquisition, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

About The Gabelli Dividend & Income Trust

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.