Insight Advisors LLC PA Sells 3,500 Shares of The Gabelli Equity Trust Inc. (NYSE:GAB)

Insight Advisors LLC PA trimmed its holdings in shares of The Gabelli Equity Trust Inc. (NYSE:GABGet Rating) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,800 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. Insight Advisors LLC PA’s holdings in The Gabelli Equity Trust were worth $75,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in The Gabelli Equity Trust during the 1st quarter valued at about $60,000. Montz Harcus Wealth Management LLC purchased a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $79,000. Graham Capital Wealth Management LLC bought a new position in The Gabelli Equity Trust in the fourth quarter worth approximately $81,000. Western Wealth Management LLC bought a new position in The Gabelli Equity Trust in the first quarter worth approximately $90,000. Finally, Accurate Wealth Management LLC purchased a new position in The Gabelli Equity Trust during the 1st quarter worth $108,000. 7.46% of the stock is owned by hedge funds and other institutional investors.

The Gabelli Equity Trust Stock Up 1.1 %

Shares of NYSE GAB opened at $6.38 on Friday. The Gabelli Equity Trust Inc. has a twelve month low of $5.47 and a twelve month high of $7.41. The business has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $6.55.

The Gabelli Equity Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend is Thursday, September 15th.

The Gabelli Equity Trust Company Profile

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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.

Further Reading

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

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