Mario J. Gabelli Purchases 2,300 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

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

The Gabelli Dividend & Income Trust Stock Up 0.6 %

Shares of GDV stock opened at $25.05 on Friday. The stock has a 50-day simple moving average of $24.73 and a 200 day simple moving average of $24.18. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.30 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

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

Institutional Trading of The Gabelli Dividend & Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in The Gabelli Dividend & Income Trust by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 721 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of The Gabelli Dividend & Income Trust by 1.0% in the 2nd 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 during the last quarter. Logan Stone Capital LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 21.8% in the 2nd quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock worth $4,734,000 after acquiring an additional 37,363 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of The Gabelli Dividend & Income Trust by 13.1% during the second quarter. NewEdge Advisors LLC now owns 41,539 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 4,809 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of The Gabelli Dividend & Income Trust by 22.0% during the second quarter. Cetera Investment Advisers now owns 127,488 shares of the financial services provider’s stock valued at $2,895,000 after purchasing an additional 22,984 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.