Stratos Wealth Partners LTD. reduced its holdings in shares of Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,620 shares of the financial services provider's stock after selling 59,391 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Gabelli Equity Trust were worth $532,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in GAB. Leigh Baldwin & CO. LLC acquired a new position in shares of Gabelli Equity Trust during the 4th quarter worth approximately $463,000. Janney Montgomery Scott LLC grew its stake in shares of Gabelli Equity Trust by 93.5% in the first quarter. Janney Montgomery Scott LLC now owns 138,210 shares of the financial services provider's stock valued at $762,000 after buying an additional 66,772 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Gabelli Equity Trust by 90.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,037,271 shares of the financial services provider's stock worth $5,715,000 after buying an additional 493,510 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Gabelli Equity Trust by 60.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 140,181 shares of the financial services provider's stock valued at $754,000 after buying an additional 52,691 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Gabelli Equity Trust in the fourth quarter valued at about $2,614,000. Hedge funds and other institutional investors own 7.24% of the company's stock.
Gabelli Equity Trust Trading Down 0.3%
Shares of Gabelli Equity Trust stock traded down $0.02 during trading hours on Monday, reaching $5.89. The company's stock had a trading volume of 334,937 shares, compared to its average volume of 552,220. The company's 50 day simple moving average is $5.75 and its 200 day simple moving average is $5.56. Gabelli Equity Trust Inc. has a one year low of $4.50 and a one year high of $5.95.
Gabelli Equity Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, June 13th were paid a $0.15 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 10.20%.
About 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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