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

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

The Gabelli Dividend & Income Trust Stock Up 1.0 %

GDV stock opened at $24.95 on Thursday. The company 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 one year low of $18.04 and a one year high of $24.99.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, October 24th. Shareholders 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 yield of 5.29%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. 180 Wealth Advisors LLC grew its position in shares of The Gabelli Dividend & Income Trust by 5.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 40,508 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 2,190 shares in the last quarter. Brookstone Capital Management acquired a new stake in The Gabelli Dividend & Income Trust during the first quarter worth approximately $343,000. Blue Bell Private Wealth Management LLC raised its holdings in The Gabelli Dividend & Income Trust by 1.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock valued at $1,832,000 after acquiring an additional 1,067 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 14.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,269 shares of the financial services provider’s stock valued at $1,086,000 after acquiring an additional 5,834 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after acquiring an additional 721 shares during the period.

The Gabelli Dividend & Income Trust 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.