Shaker Financial Services LLC reduced its stake in The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,643 shares of the financial services provider's stock after selling 592,010 shares during the quarter. Shaker Financial Services LLC's holdings in The Gabelli Equity Trust were worth $326,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Apollon Wealth Management LLC increased its holdings in shares of The Gabelli Equity Trust by 31.2% during the fourth quarter. Apollon Wealth Management LLC now owns 15,170 shares of the financial services provider's stock worth $82,000 after purchasing an additional 3,605 shares during the period. Atria Wealth Solutions Inc. grew its stake in The Gabelli Equity Trust by 5.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 95,076 shares of the financial services provider's stock worth $512,000 after buying an additional 4,512 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in The Gabelli Equity Trust by 30.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 20,280 shares of the financial services provider's stock valued at $109,000 after buying an additional 4,707 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of The Gabelli Equity Trust by 4.0% in the 4th quarter. Consolidated Portfolio Review Corp now owns 122,839 shares of the financial services provider's stock valued at $661,000 after buying an additional 4,781 shares in the last quarter. Finally, Kentucky Trust Co bought a new stake in shares of The Gabelli Equity Trust during the 4th quarter worth approximately $40,000. 7.24% of the stock is owned by institutional investors.
The Gabelli Equity Trust Stock Up 1.1 %
GAB traded up $0.06 during trading on Friday, hitting $5.42. 589,712 shares of the stock traded hands, compared to its average volume of 576,195. The business has a 50 day moving average price of $5.41 and a 200 day moving average price of $5.49. The Gabelli Equity Trust Inc. has a twelve month low of $4.50 and a twelve month high of $5.85.
The Gabelli Equity Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date of this dividend was Monday, March 17th.
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.
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