James Conn Purchases 1,000 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director James Conn purchased 1,000 shares of the stock in a transaction on Tuesday, January 27th. The stock was acquired at an average price of $28.73 per share, with a total value of $28,730.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at $28,730. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV traded down $0.06 during mid-day trading on Wednesday, hitting $28.67. The company had a trading volume of 70,854 shares, compared to its average volume of 141,757. The Gabelli Dividend & Income Trust has a 1-year low of $20.10 and a 1-year high of $29.00. The business’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $27.12.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th will be given a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 17th.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of GDV. Allspring Global Investments Holdings LLC raised its holdings in The Gabelli Dividend & Income Trust by 38.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 632,865 shares of the financial services provider’s stock valued at $16,461,000 after buying an additional 174,392 shares during the period. Prospera Financial Services Inc boosted its position in The Gabelli Dividend & Income Trust by 211.7% during the 2nd quarter. Prospera Financial Services Inc now owns 66,347 shares of the financial services provider’s stock worth $1,726,000 after purchasing an additional 45,063 shares during the period. Shaker Financial Services LLC increased its holdings in The Gabelli Dividend & Income Trust by 113.4% in the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 39,211 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in The Gabelli Dividend & Income Trust by 17.8% in the second quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider’s stock valued at $6,163,000 after purchasing an additional 35,727 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of The Gabelli Dividend & Income Trust by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after purchasing an additional 31,024 shares in the last quarter.

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.