Gabelli Equity Trust Inc. (NYSE:GAB – Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.15 per share by the financial services provider on Friday, December 18th. This represents a $0.60 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Friday, December 11th.
Gabelli Equity Trust Stock Performance
GAB opened at $5.42 on Thursday. Gabelli Equity Trust has a one year low of $5.09 and a one year high of $6.37. The company has a fifty day moving average price of $5.32 and a 200-day moving average price of $5.62.
Hedge Funds Weigh In On Gabelli Equity Trust
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in Gabelli Equity Trust in the 3rd quarter worth $599,000. Harbour Investments Inc. lifted its stake in shares of Gabelli Equity Trust by 6,781.1% in the third quarter. Harbour Investments Inc. now owns 54,017 shares of the financial services provider’s stock worth $283,000 after buying an additional 53,232 shares in the last quarter. Triton Wealth Management PLLC purchased a new stake in Gabelli Equity Trust during the 3rd quarter valued at $59,000. StoneX Group Inc. purchased a new stake in shares of Gabelli Equity Trust during the third quarter valued at $153,000. Finally, Kingstone Capital Partners Texas LLC boosted its holdings in shares of Gabelli Equity Trust by 4.9% during the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 56,566 shares of the financial services provider’s stock valued at $296,000 after acquiring an additional 2,644 shares during the last quarter. 7.24% of the stock is currently owned by institutional investors.
About Gabelli Equity Trust
Gabelli Equity Trust Inc. is a diversified, closed-end management investment company. It seeks long-term growth of capital, with income as a secondary objective, by investing primarily in equity securities of companies across a range of industries. The fund is managed by Gabelli Funds, LLC, an affiliate of GAMCO Investors. Its portfolio may include investments in companies in the United States and other markets, and the fund may use leverage as part of its investment strategy.
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