The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario J. Gabelli Sells 5,218 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDVGet Rating) insider Mario J. Gabelli sold 5,218 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $20.26, for a total value of $105,716.68. Following the transaction, the insider now owns 630,000 shares of the company’s stock, valued at approximately $12,763,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:GDV opened at $19.60 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $19.53 and a 12 month high of $27.61. The company has a 50-day moving average price of $22.36 and a 200 day moving average price of $24.25.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 16th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Thursday, September 15th.

Several large investors have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of The Gabelli Dividend & Income Trust by 0.9% in the 3rd quarter. Morgan Stanley now owns 6,112,295 shares of the financial services provider’s stock valued at $157,636,000 after acquiring an additional 56,369 shares during the last quarter. Bank of America Corp DE lifted its stake in The Gabelli Dividend & Income Trust by 7.2% in the fourth quarter. Bank of America Corp DE now owns 2,162,442 shares of the financial services provider’s stock worth $58,386,000 after purchasing an additional 145,183 shares during the last quarter. Karpus Management Inc. lifted its stake in The Gabelli Dividend & Income Trust by 3.3% in the first quarter. Karpus Management Inc. now owns 1,012,514 shares of the financial services provider’s stock worth $24,948,000 after purchasing an additional 32,087 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in The Gabelli Dividend & Income Trust by 7.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 887,922 shares of the financial services provider’s stock worth $21,878,000 after purchasing an additional 58,710 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in The Gabelli Dividend & Income Trust by 3.8% in the first quarter. Raymond James & Associates now owns 850,260 shares of the financial services provider’s stock worth $20,950,000 after purchasing an additional 31,038 shares during the last quarter.

About The Gabelli Dividend & Income Trust (Get Rating)

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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