The Gabelli Dividend & Income Trust (NYSE:GDV) Share Price Passes Below 200-Day Moving Average of $20.82

The Gabelli Dividend & Income Trust (NYSE:GDV) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.82 and traded as low as $20.27. The Gabelli Dividend & Income Trust shares last traded at $20.43, with a volume of 158,389 shares traded.

The Gabelli Dividend & Income Trust Price Performance

The business’s fifty day moving average is $21.14 and its two-hundred day moving average is $20.81.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.32 dividend on an annualized basis and a yield of 6.52%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Hedge funds have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in The Gabelli Dividend & Income Trust during the 1st quarter valued at $28,000. Parkside Financial Bank & Trust purchased a new stake in The Gabelli Dividend & Income Trust during the 1st quarter valued at $26,000. Parallel Advisors LLC raised its stake in The Gabelli Dividend & Income Trust by 72.3% during the 1st quarter. Parallel Advisors LLC now owns 1,723 shares of the financial services provider’s stock valued at $36,000 after buying an additional 723 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in The Gabelli Dividend & Income Trust during the 4th quarter valued at $36,000. Finally, Ahrens Investment Partners LLC purchased a new stake in The Gabelli Dividend & Income Trust during the 1st quarter valued at $43,000.

The Gabelli Dividend & Income Trust Company Profile

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.