Wedbush Securities Inc. boosted its position in shares of Gabelli Equity Trust, Inc. (The) (NYSE:GAB) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 281,271 shares of the financial services provider’s stock after buying an additional 3,781 shares during the period. Wedbush Securities Inc.’s holdings in Gabelli Equity Trust, Inc. (The) were worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GAB. Kelman Lazarov Inc. purchased a new stake in shares of Gabelli Equity Trust, Inc. (The) during the second quarter worth approximately $103,000. Janney Montgomery Scott LLC raised its stake in shares of Gabelli Equity Trust, Inc. (The) by 24.9% in the second quarter. Janney Montgomery Scott LLC now owns 19,612 shares of the financial services provider’s stock worth $121,000 after buying an additional 3,906 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Gabelli Equity Trust, Inc. (The) by 21.1% in the second quarter. Stratos Wealth Partners LTD. now owns 126,848 shares of the financial services provider’s stock worth $784,000 after buying an additional 22,117 shares during the last quarter. Finally, IFC Holdings Incorporated FL raised its stake in shares of Gabelli Equity Trust, Inc. (The) by 1.9% in the second quarter. IFC Holdings Incorporated FL now owns 636,591 shares of the financial services provider’s stock worth $3,936,000 after buying an additional 12,034 shares during the last quarter. 7.57% of the stock is owned by institutional investors and hedge funds.

Shares of Gabelli Equity Trust, Inc. (NYSE:GAB) opened at 6.17 on Friday. Gabelli Equity Trust, Inc. has a 12 month low of $5.13 and a 12 month high of $6.36. The company has a 50-day moving average price of $6.24 and a 200-day moving average price of $6.07.

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About Gabelli Equity Trust, Inc. (The)

The Gabelli Equity Trust Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to achieve long term growth of capital with income as a secondary objective. The Fund will invest at least 80% of its assets in equity securities under normal market conditions.

Want to see what other hedge funds are holding GAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gabelli Equity Trust, Inc. (The) (NYSE:GAB).

Institutional Ownership by Quarter for Gabelli Equity Trust, Inc. (The) (NYSE:GAB)

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