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

The Gabelli Dividend & Income Trust (NYSE:GDV)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $28.97 and traded as high as $29.30. The Gabelli Dividend & Income Trust shares last traded at $29.2250, with a volume of 118,805 shares.

The Gabelli Dividend & Income Trust Price Performance

The stock has a fifty day moving average price of $28.87 and a two-hundred day moving average price of $28.97.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a $0.15 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.80 annualized dividend and a yield of 6.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $7,710,000. Sequoia Financial Advisors LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth $617,000. Silverlake Wealth Management LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth $2,559,000. Elevation Point Wealth Partners LLC bought a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter worth about $896,000. Finally, Bank of America Corp DE acquired a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter valued at about $14,637,000.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments.

GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.