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

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli acquired 2,300 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $24.83 per share, with a total value of $57,109.00. Following the acquisition, the insider now owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Gabelli Dividend & Income Trust Stock Down 0.2 %

NYSE:GDV traded down $0.06 on Wednesday, reaching $24.96. The company’s stock had a trading volume of 113,145 shares, compared to its average volume of 132,668. The business’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $24.16. The Gabelli Dividend & Income Trust has a 1-year low of $21.14 and a 1-year high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Maltin Wealth Management Inc. lifted its position in The Gabelli Dividend & Income Trust by 3.5% in the 4th quarter. Maltin Wealth Management Inc. now owns 51,466 shares of the financial services provider’s stock valued at $1,243,000 after acquiring an additional 1,727 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at about $278,000. Integrated Capital Management Inc. boosted its position in shares of The Gabelli Dividend & Income Trust by 3.8% during the fourth quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock worth $378,000 after buying an additional 576 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter worth about $180,000. Finally, Sanctuary Advisors LLC raised its position in 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 buying an additional 8,457 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.