Johnson Investment Counsel Inc. Has $97,000 Stock Holdings in The Gabelli Equity Trust Inc. (NYSE:GAB)

Johnson Investment Counsel Inc. lifted its stake in The Gabelli Equity Trust Inc. (NYSE:GABFree Report) by 38.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,116 shares of the financial services provider’s stock after buying an additional 5,312 shares during the period. Johnson Investment Counsel Inc.’s holdings in The Gabelli Equity Trust were worth $97,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Shaker Financial Services LLC acquired a new position in shares of The Gabelli Equity Trust during the 4th quarter worth approximately $2,441,000. Wolverine Asset Management LLC acquired a new position in The Gabelli Equity Trust during the fourth quarter worth $1,050,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in The Gabelli Equity Trust during the third quarter worth $642,000. Silver Oak Securities Incorporated acquired a new stake in The Gabelli Equity Trust in the fourth quarter valued at $400,000. Finally, International Assets Investment Management LLC acquired a new stake in The Gabelli Equity Trust in the fourth quarter valued at $304,000. Institutional investors own 7.24% of the company’s stock.

Insider Activity at The Gabelli Equity Trust

In other The Gabelli Equity Trust news, insider Mario J. Gabelli purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $100.00 per share, with a total value of $1,000,000.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,000,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

The Gabelli Equity Trust Stock Performance

The Gabelli Equity Trust stock opened at $5.53 on Thursday. The company’s 50-day moving average is $5.40 and its 200-day moving average is $5.22. The Gabelli Equity Trust Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $5.88.

About The Gabelli Equity Trust

(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.

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

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

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