Key Points
- Anthonie Vanekris, a director, sold 420 shares of NYSE:GDV on Oct. 17 at an average price of $26.78 for a total of $11,247.60, reducing his ownership by 16.03% to 2,200 shares; the transaction was disclosed in an SEC filing.
- The fund declared a monthly dividend of $0.15 per share payable Mar. 24 to shareholders of record on Mar. 17, implying an annualized dividend yield of about 6.6% (ex-dividend Mar. 17).
The Gabelli Dividend & Income Trust (NYSE:GDV - Get Free Report) Director Anthonie Vanekris sold 420 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $26.78, for a total transaction of $11,247.60. Following the transaction, the director owned 2,200 shares in the company, valued at approximately $58,916. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
The Gabelli Dividend & Income Trust Price Performance
GDV opened at $27.10 on Wednesday. The Gabelli Dividend & Income Trust has a 1 year low of $20.10 and a 1 year high of $27.58. The company's 50 day simple moving average is $27.00 and its 200 day simple moving average is $26.41.
The Gabelli Dividend & Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Tuesday, March 17th.
Institutional Trading of The Gabelli Dividend & Income Trust
Several institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth $49,000. Farther Finance Advisors LLC increased its stake in The Gabelli Dividend & Income Trust by 38.1% during the second quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider's stock worth $48,000 after acquiring an additional 505 shares during the last quarter. Allworth Financial LP lifted its stake in shares of The Gabelli Dividend & Income Trust by 66.5% in the 2nd quarter. Allworth Financial LP now owns 17,085 shares of the financial services provider's stock valued at $444,000 after purchasing an additional 6,822 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of The Gabelli Dividend & Income Trust by 17.8% in the 2nd 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 in the last quarter. Finally, Creative Planning grew 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 worth $956,000 after purchasing an additional 17,229 shares during the period.
The Gabelli Dividend & Income Trust Company Profile
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Get Free Report)
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.
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