The Gabelli Equity Trust Inc. (NYSE:GAB - Get Free Report) shares saw an uptick in trading volume on Monday . 491,562 shares traded hands during mid-day trading, a decline of 11% from the previous session's volume of 554,239 shares.The stock last traded at $5.69 and had previously closed at $5.60.
The Gabelli Equity Trust Stock Down 0.8 %
The company has a 50 day moving average price of $5.54 and a 200-day moving average price of $5.52.
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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.92%. The ex-dividend date was Monday, March 17th.
Institutional Investors Weigh In On The Gabelli Equity Trust
A number of hedge funds have recently made changes to their positions in the stock. Kentucky Trust Co bought a new position in The Gabelli Equity Trust in the 4th quarter valued at approximately $40,000. Aurora Private Wealth Inc. bought a new stake in The Gabelli Equity Trust during the 4th quarter worth $56,000. Bank of Montreal Can acquired a new position in The Gabelli Equity Trust in the 4th quarter worth about $56,000. Strategic Financial Concepts LLC bought a new position in The Gabelli Equity Trust in the fourth quarter valued at about $58,000. Finally, Elequin Capital LP acquired a new stake in shares of The Gabelli Equity Trust during the fourth quarter valued at about $69,000. 7.24% of the stock is currently owned by institutional investors and hedge funds.
About The Gabelli Equity Trust
(
Get 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 Articles
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
