The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Cross Above 200 Day Moving Average – What’s Next?

The Gabelli Dividend & Income Trust (NYSE:GDV) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.81 and traded as high as $30.43. The Gabelli Dividend & Income Trust shares last traded at $30.1840, with a volume of 106,960 shares changing hands.

The Gabelli Dividend & Income Trust Trading Down 0.0%

The business has a 50-day moving average price of $29.40 and a two-hundred day moving average price of $28.81.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, September 16th.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $30,000. Assetmark Inc. raised its holdings in shares of The Gabelli Dividend & Income Trust by 142.3% in the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 777 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at $38,000. Allied Private Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust during the second quarter valued at about $40,000. Finally, US Bancorp DE purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $43,000.

The Gabelli Dividend & Income Trust Company Profile

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.