The Gabelli Equity Trust Inc. (NYSE:GAB) Shares Bought by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp lifted its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,839 shares of the financial services provider’s stock after buying an additional 4,781 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in The Gabelli Equity Trust were worth $661,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. PFG Investments LLC increased its stake in The Gabelli Equity Trust by 2.3% during the third quarter. PFG Investments LLC now owns 83,651 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 1,869 shares during the last quarter. Evernest Financial Advisors LLC grew its holdings in shares of The Gabelli Equity Trust by 2.8% during the 3rd quarter. Evernest Financial Advisors LLC now owns 99,398 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 2,663 shares during the period. Thrivent Financial for Lutherans increased its position in The Gabelli Equity Trust by 3.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 163,220 shares of the financial services provider’s stock worth $896,000 after purchasing an additional 4,703 shares in the last quarter. CNB Bank purchased a new position in The Gabelli Equity Trust in the third quarter valued at approximately $38,000. Finally, Valley Brook Capital Group Inc. lifted its position in The Gabelli Equity Trust by 8.9% during the third quarter. Valley Brook Capital Group Inc. now owns 103,586 shares of the financial services provider’s stock valued at $569,000 after buying an additional 8,500 shares in the last quarter. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Down 0.4 %

GAB opened at $5.54 on Friday. The Gabelli Equity Trust Inc. has a 52-week low of $5.09 and a 52-week high of $5.85. The company has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.48.

The Gabelli Equity Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 10.84%.

About The Gabelli Equity Trust

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.