The Gabelli Dividend & Income Trust (NYSE:GDV) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

The Gabelli Dividend & Income Trust (NYSE:GDV)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $28.97 and traded as high as $29.30. The Gabelli Dividend & Income Trust shares last traded at $29.2250, with a volume of 118,805 shares changing hands.

The Gabelli Dividend & Income Trust Stock Up 1.5%

The stock’s fifty day moving average price is $28.95 and its 200-day moving average price is $28.97.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 11th. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%.

Institutional Trading of The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDV. StoneX Group Inc. raised its position in shares of The Gabelli Dividend & Income Trust by 75.1% in the 3rd quarter. StoneX Group Inc. now owns 15,851 shares of the financial services provider’s stock worth $456,000 after buying an additional 6,801 shares during the period. Kestra Advisory Services LLC increased its stake in The Gabelli Dividend & Income Trust by 51.5% during the third quarter. Kestra Advisory Services LLC now owns 114,344 shares of the financial services provider’s stock worth $3,235,000 after acquiring an additional 38,861 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in The Gabelli Dividend & Income Trust during the third quarter worth about $76,000. Integrity Alliance LLC. purchased a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $310,000. Finally, Next Level Wealth Planning LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $69,000.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments.

GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.