The Gabelli Dividend & Income Trust (NYSE:GDV) Director Buys $14,285.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Salvatore Zizza acquired 500 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were purchased at an average cost of $28.57 per share, for a total transaction of $14,285.00. Following the acquisition, the director directly owned 1,586 shares in the company, valued at $45,312.02. This represents a 46.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV traded up $0.08 during trading hours on Wednesday, reaching $29.48. The stock had a trading volume of 66,706 shares, compared to its average volume of 122,689. The Gabelli Dividend & Income Trust has a twelve month low of $25.75 and a twelve month high of $29.58. The business’s fifty day moving average is $29.09 and its two-hundred day moving average is $28.45.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dakota Wealth Management grew its stake in shares of The Gabelli Dividend & Income Trust by 0.9% in the 4th quarter. Dakota Wealth Management now owns 37,970 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 352 shares during the period. Compound Planning Inc. grew its position in The Gabelli Dividend & Income Trust by 2.6% in the first quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 406 shares during the period. Gables Capital Management Inc. grew its position in The Gabelli Dividend & Income Trust by 3.0% in the first quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 500 shares during the period. MRA Advisory Group raised its stake in The Gabelli Dividend & Income Trust by 6.5% during the fourth quarter. MRA Advisory Group now owns 10,074 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 615 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in The Gabelli Dividend & Income Trust by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock worth $1,629,000 after acquiring an additional 633 shares in the last quarter.

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.