Key Points
- Director Anthony Colavita purchased 684 shares of The Gabelli Dividend & Income Trust (NYSE:GDV) on Feb. 9 at an average price of $29.20, spending $19,972.80 and disclosing the trade in an SEC filing.
- GDV shares opened at $29.21, trading near their 1‑year high of $29.45 and above the 50‑day ($28.04) and 200‑day ($27.29) moving averages.
- Several institutional investors have recently added to positions—most notably Allspring (+8.2% to 685,066 shares), Creative Planning (+88.3% to 36,740 shares) and Rockefeller Capital (+17.8% to 236,958 shares)—indicating continued institutional accumulation.
The Gabelli Dividend & Income Trust (NYSE:GDV - Get Free Report) Director Anthony Colavita acquired 684 shares of the company's stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average cost of $29.20 per share, with a total value of $19,972.80. Following the completion of the purchase, the director directly owned 684 shares in the company, valued at $19,972.80. This 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 this hyperlink.
The Gabelli Dividend & Income Trust Price Performance
Shares of GDV stock opened at $29.21 on Wednesday. The stock has a fifty day moving average price of $28.04 and a 200 day moving average price of $27.29. The Gabelli Dividend & Income Trust has a 1 year low of $20.10 and a 1 year high of $29.45.
Institutional Investors Weigh In On The Gabelli Dividend & Income Trust
Several institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in The Gabelli Dividend & Income Trust by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 685,066 shares of the financial services provider's stock valued at $18,586,000 after acquiring an additional 52,201 shares in the last quarter. Allworth Financial LP grew its position in shares of The Gabelli Dividend & Income Trust by 66.5% in the second 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 during the last quarter. Creative Planning increased its stake 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 in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of The Gabelli Dividend & Income Trust by 17.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider's stock worth $6,163,000 after purchasing an additional 35,727 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $938,000.
About The Gabelli Dividend & Income Trust
(
Get Free Report)
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.
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