Jacobus Wealth Management Lowers stake in The Gabelli Dividend & Income Trust (GDV)

The Gabelli Dividend & Income Trust (GDV) : Jacobus Wealth Management reduced its stake in The Gabelli Dividend & Income Trust by 31.1% during the most recent quarter end. The investment management company now holds a total of 142,915 shares of The Gabelli Dividend & Income Trust which is valued at $2.7 Million after selling 64,510 shares in The Gabelli Dividend & Income Trust , the firm said in a disclosure report filed with the SEC on May 23, 2016.The Gabelli Dividend & Income Trust makes up approximately 0.77% of Jacobus Wealth Management’s portfolio.

Other Hedge Funds, Including , Westport Resources Management Inc reduced its stake in GDV by selling 2,068 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 39,446 shares of GDV which is valued at $725,412. The Gabelli Dividend & Income Trust makes up approx 0.24% of Westport Resources Management Inc’s portfolio. Squarepoint Ops sold out all of its stake in GDV during the most recent quarter. The investment firm sold 63,900 shares of GDV which is valued $1.2 Million. Tower Research Capital (trc) sold out all of its stake in GDV during the most recent quarter. The investment firm sold 1,399 shares of GDV which is valued $25,728. Allegis Investment Advisors sold out all of its stake in GDV during the most recent quarter. The investment firm sold 439 shares of GDV which is valued $8,064.

The Gabelli Dividend & Income Trust opened for trading at $18.98 and hit $19.1 on the upside on Friday, eventually ending the session at $19.08, with a gain of 0.63% or 0.12 points. The heightened volatility saw the trading volume jump to 1,83,991 shares. Company has a market cap of $1,724 M.

The Gabelli Dividend & Income Trust (the Fund) is a United States-based diversified closed-end management investment company. The Fund’s investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities (fixed income debt securities and securities that are convertible into equity securities). The Fund’s range of investments includes common stocks convertible preferred stocks convertible corporate bonds warrants and short-term obligations. The Fund’s portfolio of industries include financial services food and beverage health care energy and utilities: oil retail diversified industrial telecommunications cable and satellite energy and utilities: services consumer products and energy and utilities: integrated among others. Its investment advisor is Gabelli Funds LLC.

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