The Gabelli Equity Trust Inc. (NYSE:GAB - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $5.05 and last traded at $5.18, with a volume of 932833 shares traded. The stock had previously closed at $5.36.
The Gabelli Equity Trust Stock Performance
The company's 50-day simple moving average is $5.48 and its 200 day simple moving average is $5.50.
The Gabelli Equity Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 11.24%. The ex-dividend date was Monday, March 17th.
Institutional Investors Weigh In On The Gabelli Equity Trust
Hedge funds and other institutional investors have recently made changes to their positions in the company. Kentucky Trust Co purchased a new stake in shares of The Gabelli Equity Trust in the fourth quarter worth approximately $40,000. Aurora Private Wealth Inc. bought a new position in The Gabelli Equity Trust in the 4th quarter worth about $56,000. Bank of Montreal Can purchased a new position in shares of The Gabelli Equity Trust during the fourth quarter worth approximately $56,000. Strategic Financial Concepts LLC bought a new stake in shares of The Gabelli Equity Trust during the fourth quarter valued at approximately $58,000. Finally, Elequin Capital LP purchased a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 7.24% of the company's stock.
About The Gabelli Equity Trust
(
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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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