The Gabelli Dividend & Income Trust (NYSE:GDV) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

The Gabelli Dividend & Income Trust (NYSE:GDV) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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 changing hands.

The Gabelli Dividend & Income Trust Stock Performance

The business’s 50-day simple moving average is $28.95 and its two-hundred day simple moving average is $28.97.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.80 annualized dividend and a dividend yield of 6.2%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Compound Planning Inc. increased its holdings 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 valued at $435,000 after purchasing an additional 406 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of The Gabelli Dividend & Income Trust by 3.5% during the second quarter. Wedbush Securities Inc. now owns 14,371 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 481 shares in the last quarter. Gables Capital Management Inc. boosted its position in shares of 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 worth $463,000 after buying an additional 500 shares during the period. NewEdge Advisors LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 2.4% in the first quarter. NewEdge Advisors LLC now owns 32,158 shares of the financial services provider’s stock worth $866,000 after buying an additional 751 shares during the period. Finally, Assetmark Inc. boosted its position 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 worth $36,000 after buying an additional 777 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 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.