The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario J. Gabelli Purchases 3,131,500 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli bought 3,131,500 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, October 11th. The stock was bought at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the completion of the acquisition, the insider now owns 3,131,500 shares in the company, valued at approximately $31,315,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Dividend & Income Trust Trading Down 0.6 %

Shares of GDV stock opened at $24.70 on Wednesday. The Gabelli Dividend & Income Trust has a 12 month low of $18.04 and a 12 month high of $24.99. The stock has a 50 day moving average of $23.87 and a 200-day moving average of $23.07.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 5.34%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GDV. Cornerstone Advisors LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after buying an additional 239,758 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth approximately $3,212,000. Private Advisor Group LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 746.7% during the second quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after buying an additional 144,107 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the first quarter worth approximately $1,664,000. Finally, Cetera Investment Advisers lifted its holdings in shares of The Gabelli Dividend & Income Trust by 157.0% during the first quarter. Cetera Investment Advisers now owns 104,504 shares of the financial services provider’s stock worth $2,401,000 after buying an additional 63,835 shares during the last quarter.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.