Gabelli Dividend & Income (GDV) Position Cut by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its stake in Gabelli Dividend & Income (NYSE:GDV) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,606 shares of the financial services provider’s stock after selling 6,947 shares during the quarter. Guggenheim Capital LLC’s holdings in Gabelli Dividend & Income were worth $3,221,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new stake in Gabelli Dividend & Income during the fourth quarter worth approximately $881,000. 180 Wealth Advisors LLC purchased a new stake in Gabelli Dividend & Income during the fourth quarter worth approximately $844,000. Raymond James Financial Services Advisors Inc. grew its stake in Gabelli Dividend & Income by 7.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 464,206 shares of the financial services provider’s stock worth $10,867,000 after buying an additional 31,876 shares during the period. First Allied Advisory Services Inc. grew its stake in Gabelli Dividend & Income by 6.9% during the fourth quarter. First Allied Advisory Services Inc. now owns 177,560 shares of the financial services provider’s stock worth $4,151,000 after buying an additional 11,392 shares during the period. Finally, Ahrens Investment Partners LLC grew its stake in Gabelli Dividend & Income by 3.3% during the fourth quarter. Ahrens Investment Partners LLC now owns 122,700 shares of the financial services provider’s stock worth $2,872,000 after buying an additional 3,900 shares during the period.

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GDV opened at $21.89 on Friday. Gabelli Dividend & Income has a 52-week low of $20.70 and a 52-week high of $24.97.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.32 annualized dividend and a yield of 6.03%.

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Gabelli Dividend & Income Company 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.

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

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