Gabelli Dividend & Income Trust (GDV): Inc Citigroup , 10% owner of Gabelli Dividend & Income Trust sold 3,544 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $92.75 per share for a total value of $328,706.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, Bruce N Alpert (President) purchased 1,500 shares at $25.00 per share price.On Mar 29, 2016, Lynch, Pierce, Fenner Merrill (10% owner other) purchased 2 shares at $18.10 per share price.Also, On Mar 30, 2015, Inc Citigroup (10% owner) purchased 4 shares at $21.00 per share price.
The Gabelli Dividend & Income Trust: On Thursday, Sep 22, 2016 heightened volatility was witnessed in The Gabelli Dividend & Income Trust which led to swings in the share price. The shares opened for trading at $19.17 and hit $19.27 on the upside , eventually ending the session at $19.25, with a gain of 1.10% or 0.21 points. The heightened volatility saw the trading volume jump to 1,80,257 shares. The 52-week high of the share price is $20.08 and the company has a market cap of $1,739 M . The 52-week low of the share price is at $14.82.
The Gabelli Dividend & Income Trust (the Fund) is a United States-based 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 at least 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities (fixed income debt securities and securities that are convertible into equity securities). The Fund’s range of investments includes common stocks convertible preferred stocks convertible corporate bonds warrants and short-term obligations. The Fund’s portfolio of industries include financial services food and beverage health care energy and utilities: oil retail diversified industrial telecommunications cable and satellite energy and utilities: services consumer products and energy and utilities: integrated among others. Its investment advisor is Gabelli Funds LLC.