Jane Street Group LLC Takes $153,000 Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

Jane Street Group LLC bought a new position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,419 shares of the financial services provider’s stock, valued at approximately $153,000.

Other institutional investors also recently modified their holdings of the company. Beacon Pointe Advisors LLC raised its holdings in The Gabelli Equity Trust by 7.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 2,000 shares during the last quarter. Apollon Wealth Management LLC grew its position in The Gabelli Equity Trust by 31.2% in the 4th quarter. Apollon Wealth Management LLC now owns 15,170 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 3,605 shares during the period. Atria Wealth Solutions Inc. grew its position in The Gabelli Equity Trust by 5.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 95,076 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 4,512 shares during the period. Arete Wealth Advisors LLC grew its position in The Gabelli Equity Trust by 30.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 20,280 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 4,707 shares during the period. Finally, Consolidated Portfolio Review Corp grew its position in The Gabelli Equity Trust by 4.0% in the 4th quarter. Consolidated Portfolio Review Corp now owns 122,839 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 4,781 shares during the period. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

The Gabelli Equity Trust Stock Up 0.8%

NYSE:GAB opened at $5.83 on Friday. The Gabelli Equity Trust Inc. has a 12 month low of $4.50 and a 12 month high of $5.85. The company has a 50 day simple moving average of $5.51 and a two-hundred day simple moving average of $5.53.

The Gabelli Equity Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date of this dividend is Friday, June 13th.

The Gabelli Equity Trust Profile

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.