Insider Buying: The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Purchases 2,300 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli acquired 2,300 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now directly owns 145,812 shares in the company, valued at $3,620,511.96. The trade was a 1.60 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Gabelli Dividend & Income Trust Trading Down 0.2 %

Shares of NYSE GDV opened at $24.96 on Thursday. The firm’s 50 day moving average price is $24.72 and its 200-day moving average price is $24.17. The Gabelli Dividend & Income Trust has a 52-week low of $21.14 and a 52-week high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GDV. International Assets Investment Management LLC increased its holdings in The Gabelli Dividend & Income Trust by 2,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after buying an additional 337,680 shares in the last quarter. Logan Stone Capital LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 21.8% in the second 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 period. Private Advisor Group LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 2.9% in the third quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock worth $4,110,000 after acquiring an additional 4,689 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 0.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 160,640 shares of the financial services provider’s stock valued at $3,928,000 after purchasing an additional 864 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in The Gabelli Dividend & Income Trust by 9.6% during the third quarter. Wolverine Asset Management LLC now owns 158,151 shares of the financial services provider’s stock valued at $3,867,000 after purchasing an additional 13,834 shares during the period.

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.