The Gabelli Dividend & Income Trust (NYSE:GDV) Director Sells $13,430.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Anthonie Vanekris sold 500 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $26.86, for a total transaction of $13,430.00. Following the completion of the transaction, the director owned 1,700 shares in the company, valued at approximately $45,662. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Stock Down 0.5%

NYSE GDV traded down $0.13 during midday trading on Tuesday, hitting $27.08. 59,323 shares of the company traded hands, compared to its average volume of 134,118. The Gabelli Dividend & Income Trust has a 52 week low of $20.10 and a 52 week high of $27.58. The company’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $26.40.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be issued a $0.15 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC raised its stake in The Gabelli Dividend & Income Trust by 1.0% in the third quarter. 180 Wealth Advisors LLC now owns 42,917 shares of the financial services provider’s stock valued at $1,164,000 after buying an additional 405 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in The Gabelli Dividend & Income Trust by 38.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 505 shares in the last quarter. CWM LLC grew its position in The Gabelli Dividend & Income Trust by 11.8% during the 2nd quarter. CWM LLC now owns 5,899 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 624 shares during the last quarter. Stolper Co increased its stake in The Gabelli Dividend & Income Trust by 1.7% during the 2nd quarter. Stolper Co now owns 41,561 shares of the financial services provider’s stock valued at $1,081,000 after purchasing an additional 688 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of The Gabelli Dividend & Income Trust by 2.2% during the third quarter. Focus Partners Wealth now owns 35,180 shares of the financial services provider’s stock valued at $954,000 after buying an additional 743 shares during the last quarter.

The Gabelli Dividend & Income Trust Company Profile

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.