Kingswood Wealth Advisors LLC purchased a new position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 60,822 shares of the financial services provider's stock, valued at approximately $327,000.
A number of other hedge funds have also bought and sold shares of the company. CNB Bank acquired a new position in The Gabelli Equity Trust during the 3rd quarter worth approximately $38,000. Triton Wealth Management PLLC bought a new position in The Gabelli Equity Trust during the third quarter valued at about $60,000. Meridian Wealth Management LLC bought a new position in shares of The Gabelli Equity Trust during the 3rd quarter valued at approximately $75,000. Executive Wealth Management LLC purchased a new stake in The Gabelli Equity Trust in the third quarter worth $82,000. Finally, Arete Wealth Advisors LLC purchased a new stake in The Gabelli Equity Trust in the 3rd quarter worth about $85,000. Institutional investors own 7.24% of the company's stock.
The Gabelli Equity Trust Stock Performance
Shares of NYSE GAB traded down $0.01 during midday trading on Tuesday, hitting $5.51. The company's stock had a trading volume of 375,975 shares, compared to its average volume of 471,235. The stock has a fifty day moving average price of $5.54 and a 200 day moving average price of $5.48. The Gabelli Equity Trust Inc. has a one year low of $5.09 and a one year high of $5.85.
The Gabelli Equity Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 10.90%.
The Gabelli Equity Trust 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.
Featured Stories
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
