Insider Buying: The Gabelli Dividend & Income Trust (NYSE:GDV) Director Purchases 400 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Elizabeth Bogan purchased 400 shares of the stock in a transaction on Tuesday, January 27th. The shares were bought at an average cost of $28.73 per share, for a total transaction of $11,492.00. Following the transaction, the director directly owned 400 shares in the company, valued at approximately $11,492. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Gabelli Dividend & Income Trust Stock Performance

GDV stock traded down $0.06 during trading hours on Wednesday, reaching $28.67. The stock had a trading volume of 70,854 shares, compared to its average volume of 141,757. The stock has a 50-day simple moving average of $27.67 and a 200 day simple moving average of $27.12. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.10 and a fifty-two week high of $29.00.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be given a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 17th.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management lifted its position in shares of The Gabelli Dividend & Income Trust by 0.9% during the 4th quarter. Dakota Wealth Management now owns 37,970 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 352 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 1.0% during the 3rd quarter. 180 Wealth Advisors LLC now owns 42,917 shares of the financial services provider’s stock valued at $1,164,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in The Gabelli Dividend & Income Trust by 38.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 505 shares in the last quarter. MRA Advisory Group boosted its stake in shares of The Gabelli Dividend & Income Trust by 6.5% during the fourth quarter. MRA Advisory Group now owns 10,074 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 615 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 11.8% during the second quarter. CWM LLC now owns 5,899 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 624 shares during the last quarter.

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.