The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Pass Below 50-Day Moving Average of $20.99

The Gabelli Dividend & Income Trust (NYSE:GDV)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.99 and traded as low as $20.64. The Gabelli Dividend & Income Trust shares last traded at $20.65, with a volume of 19,125 shares.

The stock’s fifty day moving average is $20.99 and its two-hundred day moving average is $21.27.

The firm also recently announced a monthly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Wednesday, October 16th.

A number of large investors have recently modified their holdings of GDV. Coastal Capital Group Inc. acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $65,000. SRS Capital Advisors Inc. acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $71,000. Capital Investment Advisory Services LLC acquired a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $101,000. NEXT Financial Group Inc acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $137,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $203,000.

The Gabelli Dividend & Income Trust Company Profile (NYSE:GDV)

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: Inverted Yield Curve

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