Shaker Financial Services adds The Gabelli Dividend & Income Trust (GDV) to its portfolio

The Gabelli Dividend & Income Trust (GDV) : Shaker Financial Services added new position in The Gabelli Dividend & Income Trust during the most recent quarter end. The investment management firm now holds 61,365 shares of The Gabelli Dividend & Income Trust which is valued at $1,209,504 , the company said in a statement filed on Aug 1, 2016 with the SEC.The Gabelli Dividend & Income Trust makes up approximately 0.82% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including ,

The Gabelli Dividend & Income Trust opened for trading at $19.75 and hit $19.79 on the upside on Thursday, eventually ending the session at $19.72, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 1,17,915 shares. Company has a market cap of $1,782 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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