The Gabelli Dividend & Income Trust (GDV) Director Sells $104,000.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director James P. Conn sold 5,000 shares of The Gabelli Dividend & Income Trust stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $20.80, for a total value of $104,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of GDV opened at $21.74 on Thursday. The Gabelli Dividend & Income Trust has a 1 year low of $20.07 and a 1 year high of $24.97.

The company also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 7th will be paid a $0.11 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.32 annualized dividend and a dividend yield of 6.07%.

Several institutional investors and hedge funds have recently modified their holdings of GDV. Raymond James & Associates raised its stake in shares of The Gabelli Dividend & Income Trust by 15.8% during the 2nd quarter. Raymond James & Associates now owns 382,922 shares of the financial services provider’s stock valued at $8,639,000 after purchasing an additional 52,365 shares during the period. First Trust Advisors LP grew its position in The Gabelli Dividend & Income Trust by 13.9% during the second quarter. First Trust Advisors LP now owns 165,792 shares of the financial services provider’s stock worth $3,740,000 after buying an additional 20,169 shares in the last quarter. Millennium Management LLC grew its position in The Gabelli Dividend & Income Trust by 216.9% during the first quarter. Millennium Management LLC now owns 63,247 shares of the financial services provider’s stock worth $1,398,000 after buying an additional 43,292 shares in the last quarter. Northern Trust Corp purchased a new position in The Gabelli Dividend & Income Trust during the first quarter worth about $208,000. Finally, Guggenheim Capital LLC grew its position in The Gabelli Dividend & Income Trust by 12.2% during the first quarter. Guggenheim Capital LLC now owns 154,424 shares of the financial services provider’s stock worth $3,413,000 after buying an additional 16,818 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://sportsperspectives.com/2018/11/08/the-gabelli-dividend-income-trust-gdv-director-sells-104000-00-in-stock.html.

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.

See Also: Float

Receive News & Ratings for The Gabelli Dividend & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Dividend & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply