Dividend And Income Fund (NYSE:DNI) Stock Passes Below Two Hundred Day Moving Average of $0.00

Dividend And Income Fund Inc (NYSE:DNI)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $11.37. Dividend And Income Fund shares last traded at $11.37, with a volume of 6,164 shares traded.

The stock has a 50-day moving average price of $11.44.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend was Friday, June 14th.

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new stake in Dividend And Income Fund during the first quarter worth about $26,000. Round Table Services LLC increased its position in Dividend And Income Fund by 99.0% during the first quarter. Round Table Services LLC now owns 19,900 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 9,900 shares during the last quarter. Shepherd Kaplan Krochuk LLC increased its position in Dividend And Income Fund by 4.6% during the fourth quarter. Shepherd Kaplan Krochuk LLC now owns 45,120 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 2,000 shares during the last quarter. Bank of America Corp DE increased its position in Dividend And Income Fund by 9.4% during the fourth quarter. Bank of America Corp DE now owns 159,425 shares of the real estate investment trust’s stock worth $1,519,000 after purchasing an additional 13,687 shares during the last quarter. Finally, RMB Capital Management LLC increased its position in Dividend And Income Fund by 33.3% during the fourth quarter. RMB Capital Management LLC now owns 169,685 shares of the real estate investment trust’s stock worth $1,617,000 after purchasing an additional 42,417 shares during the last quarter. Hedge funds and other institutional investors own 44.77% of the company’s stock.

Dividend And Income Fund Company Profile (NYSE:DNI)

Dividend and Income Fund is a closed-ended equity mutual fund launched and managed by Bexil Advisers LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all capitalizations.

Read More: Trading Ex-Dividend

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