Insider Buying: The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Purchases 720 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli acquired 720 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $21.99 per share, with a total value of $15,832.80. Following the completion of the acquisition, the insider now owns 143,312 shares of the company’s stock, valued at approximately $3,151,430.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

The Gabelli Dividend & Income Trust Trading Up 1.1 %

Shares of The Gabelli Dividend & Income Trust stock traded up $0.24 during mid-day trading on Wednesday, reaching $22.53. 113,428 shares of the stock were exchanged, compared to its average volume of 165,997. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $23.91. The firm has a 50-day simple moving average of $22.91 and a 200 day simple moving average of $22.46.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 24th. Investors of record on Thursday, July 18th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a yield of 5.53%.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth $27,000. Bessemer Group Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust during the first quarter valued at $33,000. Benjamin F. Edwards & Company Inc. raised its position in shares of The Gabelli Dividend & Income Trust by 40.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 600 shares during the last quarter. Bogart Wealth LLC lifted its stake in The Gabelli Dividend & Income Trust by 31.4% in the fourth quarter. Bogart Wealth LLC now owns 4,184 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,000 shares during the period. Finally, CWM LLC lifted its stake in The Gabelli Dividend & Income Trust by 223.5% in the fourth quarter. CWM LLC now owns 4,633 shares of the financial services provider’s stock valued at $100,000 after buying an additional 3,201 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.