The Gabelli Dividend & Income Trust (NYSE:GDV) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

The Gabelli Dividend & Income Trust (NYSE:GDV) shares 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.

The Gabelli Dividend & Income Trust Trading Down 2.1%

The stock has a fifty day simple moving average of $28.32 and a two-hundred day simple moving average of $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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.8%.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, Director James P. Conn acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average price of $28.73 per share, with a total value of $28,730.00. Following the completion of the purchase, the director owned 1,000 shares of the company’s stock, valued at approximately $28,730. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mario J. Gabelli bought 5,500 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average price of $28.72 per share, with a total value of $157,960.00. Following the completion of the transaction, the insider owned 20,500 shares of the company’s stock, valued at $588,760. This represents a 36.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 12,084 shares of company stock worth $349,060.

Institutional Trading of The Gabelli Dividend & Income Trust

Several institutional investors and hedge funds have recently modified their holdings of GDV. Focus Partners Wealth raised its position in The Gabelli Dividend & Income Trust by 38.0% during the first quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 9,310 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter valued at about $55,000. Creative Planning raised its holdings in shares of The Gabelli Dividend & Income Trust by 88.3% during the 2nd quarter. Creative Planning now owns 36,740 shares of the financial services provider’s stock valued at $956,000 after buying an additional 17,229 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 11.9% during the 2nd quarter. Level Four Advisory Services LLC now owns 15,320 shares of the financial services provider’s stock valued at $398,000 after buying an additional 1,624 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in The Gabelli Dividend & Income Trust by 2.0% in the 2nd quarter. First Trust Advisors LP now owns 107,154 shares of the financial services provider’s stock worth $2,787,000 after buying an additional 2,136 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.