Gabelli Equity Trust Inc. (GAB) to Issue Quarterly Dividend of $0.15 on June 23rd

Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 15th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Monday, June 15th.

Gabelli Equity Trust Trading Up 0.3%

Shares of NYSE:GAB opened at $5.65 on Friday. Gabelli Equity Trust has a 1 year low of $5.28 and a 1 year high of $6.37. The business has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $5.89.

Institutional Trading of Gabelli Equity Trust

Several hedge funds and other institutional investors have recently modified their holdings of GAB. Focus Partners Wealth purchased a new stake in shares of Gabelli Equity Trust during the first quarter worth $121,000. Baird Financial Group Inc. raised its holdings in shares of Gabelli Equity Trust by 6.5% during the second quarter. Baird Financial Group Inc. now owns 32,548 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 2,000 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of Gabelli Equity Trust during the second quarter worth $79,000. Cerity Partners LLC raised its holdings in shares of Gabelli Equity Trust by 29.1% during the second quarter. Cerity Partners LLC now owns 306,890 shares of the financial services provider’s stock worth $1,786,000 after acquiring an additional 69,237 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Gabelli Equity Trust by 8.1% during the second quarter. Raymond James Financial Inc. now owns 554,382 shares of the financial services provider’s stock worth $3,227,000 after acquiring an additional 41,437 shares in the last quarter. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

About Gabelli Equity Trust

Gabelli Equity Trust, Inc (NYSE: GAB) is a closed-end management investment company focused on generating long-term capital appreciation through an actively managed portfolio of primarily U.S.-listed equity securities. Incorporated in Delaware, the Trust pursues a value-oriented approach, leveraging intensive fundamental research to identify small- and mid-cap companies with growth potential and favorable valuation metrics.

Since its initial public offering in 1977, the Trust has invested across a range of sectors, including consumer staples, financial services, industrials and technology, aiming to construct a high-conviction portfolio of companies expected to outperform over time.