Mario J. Gabelli Acquires 2,000 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli purchased 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $249,000. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

The Gabelli Dividend & Income Trust Stock Performance

NYSE GDV opened at $24.95 on Thursday. The business has a fifty day moving average price of $23.92 and a two-hundred day moving average price of $23.09. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $24.99.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Investors of record on Friday, October 18th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 5.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $27,000. Bessemer Group Inc. bought a new position in shares of The Gabelli Dividend & Income Trust in the 1st quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter worth $71,000. CWM LLC increased its holdings in The Gabelli Dividend & Income Trust by 11.6% in the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares in the last quarter. Finally, Private Wealth Advisors LLC bought a new position in The Gabelli Dividend & Income Trust in the first quarter valued at about $203,000.

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.