The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario Gabelli Acquires 4,500 Shares

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario Gabelli bought 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of $29.09 per share, with a total value of $130,905.00. Following the purchase, the insider directly owned 25,000 shares in the company, valued at $727,250. The trade was a 21.95% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Gabelli Dividend & Income Trust Stock Up 0.0%

GDV stock traded up $0.01 during midday trading on Wednesday, hitting $29.19. The stock had a trading volume of 147,924 shares, compared to its average volume of 143,301. The company’s 50-day moving average price is $28.23 and its 200 day moving average price is $27.38. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $29.46.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.2%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in The Gabelli Dividend & Income Trust by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 685,066 shares of the financial services provider’s stock worth $18,586,000 after acquiring an additional 52,201 shares during the last quarter. Allworth Financial LP grew its holdings in shares of The Gabelli Dividend & Income Trust by 66.5% during the 2nd quarter. Allworth Financial LP now owns 17,085 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 6,822 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of The Gabelli Dividend & Income Trust by 17.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider’s stock worth $6,163,000 after purchasing an additional 35,727 shares during the period. Creative Planning raised its holdings in The Gabelli Dividend & Income Trust by 88.3% in the second quarter. Creative Planning now owns 36,740 shares of the financial services provider’s stock valued at $956,000 after buying an additional 17,229 shares during the period. Finally, Shaker Financial Services LLC purchased a new position in The Gabelli Dividend & Income Trust in the third quarter valued at approximately $938,000.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.