The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

The Gabelli Dividend & Income Trust (NYSE:GDV)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.81 and traded as high as $30.43. The Gabelli Dividend & Income Trust shares last traded at $30.1840, with a volume of 106,960 shares trading hands.

The Gabelli Dividend & Income Trust Stock Performance

The company’s 50 day simple moving average is $29.42 and its two-hundred day simple moving average is $28.82.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Indivisible Partners acquired a new position in The Gabelli Dividend & Income Trust during the 4th quarter worth $491,000. Evolve Private Wealth LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at $2,978,000. Shaker Financial Services LLC raised its position in shares of The Gabelli Dividend & Income Trust by 113.4% during the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock worth $2,049,000 after acquiring an additional 39,211 shares during the last quarter. Fifth Third Bancorp raised its position in shares of The Gabelli Dividend & Income Trust by 6,456.0% during the first quarter. Fifth Third Bancorp now owns 65,560 shares of the financial services provider’s stock worth $1,766,000 after acquiring an additional 64,560 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of The Gabelli Dividend & Income Trust by 126.7% during the first quarter. Gamco Investors INC. ET AL now owns 34,000 shares of the financial services provider’s stock worth $916,000 after acquiring an additional 19,000 shares during the last quarter.

About The Gabelli Dividend & Income Trust

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.