Insider Buying: The Gabelli Dividend & Income Trust (NYSE:GDV) Director Acquires $19,972.80 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Anthony Colavita acquired 684 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $29.20 per share, for a total transaction of $19,972.80. Following the acquisition, the director owned 684 shares in the company, valued at $19,972.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Dividend & Income Trust Stock Down 0.6%

Shares of GDV opened at $29.03 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $29.46. The business has a 50-day simple moving average of $28.11 and a two-hundred day simple moving average of $27.31.

The Gabelli Dividend & Income Trust Announces Dividend

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

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently modified their holdings of the business. Focus Partners Wealth grew its stake in shares of The Gabelli Dividend & Income Trust by 38.0% in the first quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock worth $816,000 after purchasing an additional 9,310 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in The Gabelli Dividend & Income Trust during the 1st quarter worth about $55,000. CWM LLC lifted its holdings in The Gabelli Dividend & Income Trust by 11.8% during the 2nd quarter. CWM LLC now owns 5,899 shares of the financial services provider’s stock worth $153,000 after buying an additional 624 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of The Gabelli Dividend & Income Trust by 38.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 632,865 shares of the financial services provider’s stock valued at $16,461,000 after buying an additional 174,392 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 67.5% in the second quarter. Wolverine Asset Management LLC now owns 31,236 shares of the financial services provider’s stock valued at $812,000 after buying an additional 12,586 shares during the period.

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.