The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Buys $75,144.80 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli bought 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $22.91 per share, for a total transaction of $75,144.80. Following the completion of the transaction, the insider now directly owns 142,592 shares in the company, valued at $3,266,782.72. The transaction was disclosed in a filing with the SEC, which is available at this link.

The Gabelli Dividend & Income Trust Trading Down 3.6 %

NYSE:GDV traded down $0.84 during mid-day trading on Monday, hitting $22.09. 259,396 shares of the company’s stock traded hands, compared to its average volume of 166,217. The company has a fifty day moving average of $22.93 and a 200 day moving average of $22.45. The Gabelli Dividend & Income Trust has a twelve month low of $18.04 and a twelve month high of $23.91.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 24th. Stockholders of record on Thursday, July 18th were issued a $0.11 dividend. This represents a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, July 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Private Advisor Group LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 2.7% in the first quarter. Private Advisor Group LLC now owns 19,299 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 515 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 0.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 159,776 shares of the financial services provider’s stock valued at $3,629,000 after purchasing an additional 542 shares during the period. Brookstone Capital Management increased its holdings in shares of The Gabelli Dividend & Income Trust by 3.7% in the second quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 551 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust by 40.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 600 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 5.9% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 11,122 shares of the financial services provider’s stock worth $256,000 after buying an additional 623 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.