The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.63 and traded as low as $26.52. The Gabelli Dividend & Income Trust shares last traded at $26.5730, with a volume of 106,595 shares trading hands.

The Gabelli Dividend & Income Trust Stock Down 1.1%

The firm’s fifty day simple moving average is $28.28 and its 200-day simple moving average is $27.63.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, June 15th.

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, Director James P. Conn purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average price of $28.73 per share, for a total transaction of $28,730.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $28,730. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mario J. Gabelli purchased 5,500 shares of the stock in a transaction dated Tuesday, January 27th. The shares were acquired at an average cost of $28.72 per share, for a total transaction of $157,960.00. Following the completion of the acquisition, the insider owned 20,500 shares of the company’s stock, valued at approximately $588,760. This represents a 36.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 12,084 shares of company stock worth $349,060 over the last ninety days.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Hedge funds have recently bought and sold shares of the business. Karpus Management Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 0.9% during the 2nd quarter. Karpus Management Inc. now owns 1,788,008 shares of the financial services provider’s stock valued at $46,506,000 after acquiring an additional 15,299 shares during the last quarter. Raymond James Financial Inc. raised its holdings 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 valued at $35,351,000 after purchasing an additional 31,024 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in The Gabelli Dividend & Income Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 687,247 shares of the financial services provider’s stock valued at $19,085,000 after purchasing an additional 2,181 shares during the period. Advisors Asset Management Inc. lifted its position in The Gabelli Dividend & Income Trust by 12.1% during the fourth quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 61,113 shares during the period. Finally, LPL Financial LLC boosted its holdings in The Gabelli Dividend & Income Trust by 6.7% in the fourth quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock worth $15,400,000 after purchasing an additional 35,064 shares during 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.