The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.81 and traded as high as $30.43. The Gabelli Dividend & Income Trust shares last traded at $30.1840, with a volume of 106,960 shares trading hands.

The Gabelli Dividend & Income Trust Stock Performance

The business’s 50 day simple moving average is $29.40 and its 200-day simple moving average is $28.81.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter worth $30,000. Assetmark Inc. increased its stake in shares of The Gabelli Dividend & Income Trust by 142.3% in the first quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock valued at $36,000 after buying an additional 777 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $38,000. Allied Private Wealth LLC bought a new position in The Gabelli Dividend & Income Trust during the second quarter worth $40,000. Finally, US Bancorp DE bought a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $43,000.

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.