Anthony Colavita Purchases 684 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Anthony Colavita acquired 684 shares of the company’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $29.20 per share, for a total transaction of $19,972.80. Following the purchase, the director directly owned 684 shares of the company’s stock, valued at approximately $19,972.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

The Gabelli Dividend & Income Trust Trading Up 0.1%

Shares of NYSE GDV opened at $29.26 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $29.46. The stock has a 50 day moving average of $28.08 and a 200-day moving average of $27.30.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of large investors have recently made changes to their positions in the company. Karpus Management Inc. boosted its stake in The Gabelli Dividend & Income Trust by 0.9% in the 2nd 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. grew its stake in shares of The Gabelli Dividend & Income Trust by 2.3% in the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock valued at $35,351,000 after acquiring an additional 31,024 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in The Gabelli Dividend & Income Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 687,247 shares of the financial services provider’s stock worth $19,085,000 after acquiring an additional 2,181 shares during the period. LPL Financial LLC boosted its holdings in The Gabelli Dividend & Income Trust by 6.7% in the 4th quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock valued at $15,400,000 after purchasing an additional 35,064 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in The Gabelli Dividend & Income Trust by 1.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 504,378 shares of the financial services provider’s stock valued at $13,684,000 after purchasing an additional 7,006 shares during the period.

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.