International Assets Investment Management LLC cut its holdings in The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) by 81.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,926 shares of the financial services provider's stock after selling 1,883,104 shares during the quarter. International Assets Investment Management LLC owned 0.14% of The Gabelli Equity Trust worth $2,244,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in GAB. PFG Investments LLC raised its holdings in shares of The Gabelli Equity Trust by 11.4% during the second quarter. PFG Investments LLC now owns 81,782 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 8,364 shares during the last quarter. Choreo LLC purchased a new stake in The Gabelli Equity Trust during the 2nd quarter valued at $481,000. Evernest Financial Advisors LLC lifted its holdings in shares of The Gabelli Equity Trust by 14.0% during the 2nd quarter. Evernest Financial Advisors LLC now owns 96,735 shares of the financial services provider's stock valued at $503,000 after buying an additional 11,873 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of The Gabelli Equity Trust by 50.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 158,517 shares of the financial services provider's stock worth $824,000 after buying an additional 53,227 shares during the last quarter. Finally, Arista Wealth Management LLC bought a new stake in shares of The Gabelli Equity Trust in the second quarter worth $245,000. 7.24% of the stock is currently owned by hedge funds and other institutional investors.
The Gabelli Equity Trust Stock Up 0.2 %
GAB stock traded up $0.01 during trading on Thursday, reaching $5.38. The stock had a trading volume of 390,658 shares, compared to its average volume of 413,932. The stock's 50 day moving average is $5.56 and its two-hundred day moving average is $5.46. The Gabelli Equity Trust Inc. has a 52 week low of $4.98 and a 52 week high of $5.85.
The Gabelli Equity Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 11.15%. The ex-dividend date was Friday, December 13th.
The Gabelli Equity Trust Company Profile
(
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.
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