The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Acquires $57,109.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli bought 2,300 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $24.83 per share, with a total value of $57,109.00. Following the completion of the purchase, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This represents a 1.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Dividend & Income Trust Trading Down 0.2 %

GDV traded down $0.06 during midday trading on Wednesday, hitting $24.96. The company had a trading volume of 113,145 shares, compared to its average volume of 132,668. The Gabelli Dividend & Income Trust has a twelve month low of $21.14 and a twelve month high of $25.67. The firm’s 50-day simple moving average is $24.72 and its 200-day simple moving average is $24.16.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 6.84%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds have recently added to or reduced their stakes in the company. Maltin Wealth Management Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 3.5% during the 4th quarter. Maltin Wealth Management Inc. now owns 51,466 shares of the financial services provider’s stock worth $1,243,000 after buying an additional 1,727 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $278,000. Integrated Capital Management Inc. grew its holdings in The Gabelli Dividend & Income Trust by 3.8% during the 4th quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 576 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at $180,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 5.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 154,454 shares of the financial services provider’s stock valued at $3,863,000 after purchasing an additional 8,457 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.