Insider Selling: The Gabelli Dividend & Income Trust (GDV) Insider Sells 700 Shares of Stock
The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario J. Gabelli sold 700 shares of the stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $19.09, for a total value of $13,363.00. Following the completion of the sale, the insider now owns 130,306 shares of the company’s stock, valued at approximately $2,487,541.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
The Gabelli Dividend & Income Trust (NYSE:GDV) opened at 18.80 on Friday. The Gabelli Dividend & Income Trust has a one year low of $14.82 and a one year high of $20.08. The company has a 50-day moving average price of $19.34 and a 200-day moving average price of $19.15.
The Gabelli Dividend & Income Trust Company Profile
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The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. The Fund invests approximately 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities (such as fixed income debt securities and securities that are convertible into equity securities).
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