The Gabelli Dividend & Income Trust (NYSE:GDV) Director Buys $11,492.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Elizabeth Bogan purchased 400 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was bought at an average price of $28.73 per share, for a total transaction of $11,492.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV stock traded down $0.06 during mid-day trading on Wednesday, reaching $28.67. The stock had a trading volume of 70,854 shares, compared to its average volume of 141,757. The firm’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $27.12. The Gabelli Dividend & Income Trust has a one year low of $20.10 and a one year high of $29.00.

The Gabelli Dividend & Income Trust Announces Dividend

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

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Institutional investors have recently bought and sold shares of the business. Karpus Management Inc. grew its holdings in The Gabelli Dividend & Income Trust by 0.9% during the second quarter. Karpus Management Inc. now owns 1,788,008 shares of the financial services provider’s stock valued at $46,506,000 after purchasing an additional 15,299 shares during the period. Raymond James Financial Inc. increased its holdings in The Gabelli Dividend & Income Trust by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after purchasing an additional 31,024 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in The Gabelli Dividend & Income Trust by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 687,247 shares of the financial services provider’s stock valued at $19,085,000 after buying an additional 2,181 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 1.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 504,378 shares of the financial services provider’s stock worth $13,684,000 after acquiring an additional 7,006 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in The Gabelli Dividend & Income Trust by 0.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 298,809 shares of the financial services provider’s stock worth $7,772,000 after purchasing an additional 2,158 shares during the last quarter.

About The Gabelli Dividend & Income Trust

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.