Golden State Wealth Management LLC bought a new stake in The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 543,761 shares of the financial services provider's stock, valued at approximately $2,925,000. Golden State Wealth Management LLC owned about 0.18% of The Gabelli Equity Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of GAB. CNB Bank acquired a new position in shares of The Gabelli Equity Trust during the 3rd quarter worth approximately $38,000. Aurora Private Wealth Inc. acquired a new position in shares of The Gabelli Equity Trust in the fourth quarter valued at $56,000. Strategic Financial Concepts LLC bought a new position in shares of The Gabelli Equity Trust in the fourth quarter valued at about $58,000. Meridian Wealth Management LLC acquired a new stake in shares of The Gabelli Equity Trust during the 3rd quarter worth about $75,000. Finally, Executive Wealth Management LLC bought a new stake in shares of The Gabelli Equity Trust during the 3rd quarter worth about $82,000. Institutional investors own 7.24% of the company's stock.
The Gabelli Equity Trust Price Performance
Shares of NYSE GAB traded up $0.02 during trading hours on Tuesday, reaching $5.56. 210,837 shares of the stock were exchanged, compared to its average volume of 439,073. The stock's fifty day simple moving average is $5.52 and its 200 day simple moving average is $5.49. The Gabelli Equity Trust Inc. has a 52 week low of $5.09 and a 52 week high of $5.85.
The Gabelli Equity Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.15 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 10.80%.
About The Gabelli Equity Trust
(
Free Report)
The Gabelli Equity Trust Inc 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 invests in preferred stock, convertible or exchangeable securities, and warrants and rights.
See Also
Before you consider The Gabelli Equity Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Gabelli Equity Trust wasn't on the list.
While The Gabelli Equity Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
