Steward Partners Investment Advisory LLC boosted its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,420 shares of the financial services provider's stock after acquiring an additional 52,800 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.07% of The Gabelli Equity Trust worth $1,202,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in GAB. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of The Gabelli Equity Trust by 77.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,379 shares of the financial services provider's stock worth $853,000 after acquiring an additional 67,889 shares during the period. HighTower Advisors LLC raised its position in The Gabelli Equity Trust by 13.3% in the third quarter. HighTower Advisors LLC now owns 84,531 shares of the financial services provider's stock worth $462,000 after purchasing an additional 9,914 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in The Gabelli Equity Trust during the fourth quarter worth about $58,000. Kera Capital Partners Inc. acquired a new stake in The Gabelli Equity Trust during the fourth quarter valued at approximately $569,000. Finally, Wolverine Asset Management LLC grew its stake in shares of The Gabelli Equity Trust by 435.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 121,044 shares of the financial services provider's stock valued at $665,000 after purchasing an additional 98,444 shares during the period. Institutional investors and hedge funds own 7.24% of the company's stock.
The Gabelli Equity Trust Trading Down 0.6 %
Shares of GAB traded down $0.04 during mid-day trading on Thursday, reaching $5.48. The company had a trading volume of 514,464 shares, compared to its average volume of 463,464. The company's 50-day moving average is $5.52 and its 200-day moving average is $5.52. The Gabelli Equity Trust Inc. has a twelve month low of $5.09 and a twelve month high of $5.85.
The Gabelli Equity Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.96%.
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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