26,437 Shares in Dividend And Income Fund Inc (NYSE:DNI) Acquired by Alpine Group USVI LLC

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Alpine Group USVI LLC bought a new position in shares of Dividend And Income Fund Inc (NYSE:DNI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,437 shares of the real estate investment trust’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DNI. Alpine Global Management LLC bought a new stake in Dividend And Income Fund during the 2nd quarter worth approximately $310,000. Measured Wealth Private Client Group LLC bought a new stake in Dividend And Income Fund during the 2nd quarter worth approximately $414,000. Coastal Investment Advisors Inc. bought a new stake in Dividend And Income Fund during the 2nd quarter worth approximately $40,000. Vanguard Capital Wealth Advisors bought a new stake in Dividend And Income Fund during the 2nd quarter worth approximately $209,000. Finally, Wells Fargo & Company MN increased its stake in Dividend And Income Fund by 8.5% during the 2nd quarter. Wells Fargo & Company MN now owns 240,333 shares of the real estate investment trust’s stock worth $2,771,000 after purchasing an additional 18,744 shares in the last quarter. 46.35% of the stock is owned by institutional investors and hedge funds.

NYSE:DNI traded up $0.11 during trading hours on Friday, reaching $11.63. 87,420 shares of the stock were exchanged, compared to its average volume of 37,436. Dividend And Income Fund Inc has a twelve month low of $8.93 and a twelve month high of $12.07. The firm has a 50 day moving average of $11.60 and a 200 day moving average of $11.55.

The company also recently declared a — dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a yield of 7%. The ex-dividend date was Monday, September 16th.

Dividend And Income Fund Company Profile

Dividend and Income Fund is a closed-ended equity mutual fund launched and managed by Bexil Advisers LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all capitalizations.

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Institutional Ownership by Quarter for Dividend And Income Fund (NYSE:DNI)

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