The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario J. Gabelli Buys 2,300 Shares

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli acquired 2,300 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. This represents a 1.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Gabelli Dividend & Income Trust Trading Up 0.6 %

Shares of GDV stock opened at $25.05 on Friday. The Gabelli Dividend & Income Trust has a 1-year low of $21.30 and a 1-year high of $25.67. The stock’s fifty day simple moving average is $24.73 and its 200-day simple moving average is $24.18.

The Gabelli Dividend & Income Trust Dividend Announcement

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

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of large investors have recently made changes to their positions in GDV. MML Investors Services LLC increased its stake in The Gabelli Dividend & Income Trust by 3.6% in the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock valued at $347,000 after buying an additional 488 shares during the period. CWM LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 545 shares in the last quarter. Integrated Capital Management Inc. increased its stake in shares of The Gabelli Dividend & Income Trust by 3.8% in the fourth 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 last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of The Gabelli Dividend & Income Trust by 1.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock worth $1,468,000 after acquiring an additional 615 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in The Gabelli Dividend & Income Trust by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after purchasing an additional 721 shares during the last quarter.

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.