Insider Selling: The Gabelli Dividend & Income Trust (GDV) Insider Sells 700 Shares of Stock
The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli sold 700 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $19.09, for a total value of $13,363.00. Following the transaction, the insider now directly owns 130,306 shares in the company, valued at approximately $2,487,541.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
The Gabelli Dividend & Income Trust (NYSE:GDV) opened at 18.80 on Friday. The Gabelli Dividend & Income Trust has a 52-week low of $14.82 and a 52-week high of $20.08. The firm’s 50-day moving average price is $19.34 and its 200 day moving average price is $19.15.
About The Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. The Fund invests approximately 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities (such as fixed income debt securities and securities that are convertible into equity securities).
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