8,550 Shares in The Gabelli Dividend & Income Trust (NYSE:GDV) Bought by MGB Wealth Management LLC

MGB Wealth Management LLC acquired a new position in The Gabelli Dividend & Income Trust (NYSE:GDV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,550 shares of the financial services provider’s stock, valued at approximately $209,000.

A number of other large investors have also recently bought and sold shares of GDV. Larson Financial Group LLC acquired a new position in The Gabelli Dividend & Income Trust during the 2nd quarter worth $27,000. Bessemer Group Inc. acquired a new position in The Gabelli Dividend & Income Trust during the 1st quarter worth $33,000. Wetzel Investment Advisors Inc. acquired a new position in The Gabelli Dividend & Income Trust during the 2nd quarter worth $71,000. CWM LLC lifted its position in 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 worth $128,000 after acquiring an additional 545 shares during the last quarter. Finally, Constitution Capital LLC acquired a new position in The Gabelli Dividend & Income Trust during the 3rd quarter worth $203,000.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $25.01 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.15 and a fifty-two week high of $25.33. The firm has a fifty day moving average price of $24.49 and a two-hundred day moving average price of $23.55.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Monday, March 17th.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $249,000. This trade represents a 25.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 3,134,000 shares of company stock valued at $31,369,800.

About The Gabelli Dividend & Income Trust

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.