Insider Buying: The Gabelli Dividend & Income Trust (NYSE:GDV) Director Buys $28,520.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Michael Melarkey acquired 1,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were acquired at an average cost of $28.52 per share, with a total value of $28,520.00. Following the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at $28,520. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

The Gabelli Dividend & Income Trust Trading Up 0.1%

GDV traded up $0.04 on Thursday, reaching $29.49. The company had a trading volume of 40,895 shares, compared to its average volume of 122,099. The Gabelli Dividend & Income Trust has a 52-week low of $25.75 and a 52-week high of $29.69. The business has a 50 day simple moving average of $29.10 and a 200 day simple moving average of $28.47.

The Gabelli Dividend & Income Trust Announces Dividend

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

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of large investors have recently modified their holdings of the company. Dakota Wealth Management grew its position in The Gabelli Dividend & Income Trust by 0.9% during the fourth quarter. Dakota Wealth Management now owns 37,970 shares of the financial services provider’s stock valued at $1,054,000 after acquiring an additional 352 shares during the last quarter. Compound Planning Inc. raised its position in The Gabelli Dividend & Income Trust by 2.6% in the 1st quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 406 shares during the period. Gables Capital Management Inc. boosted its position in The Gabelli Dividend & Income Trust by 3.0% during the first quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after buying an additional 500 shares during the period. MRA Advisory Group grew its stake in shares of 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 valued at $280,000 after buying an additional 615 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock worth $1,629,000 after buying an additional 633 shares during the period.

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.