Gabelli Equity Trust Inc. (NYSE:GAB - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $5.94 and last traded at $5.94, with a volume of 78286 shares traded. The stock had previously closed at $5.91.
Gabelli Equity Trust Stock Down 0.1%
The stock has a 50 day moving average of $5.75 and a 200 day moving average of $5.56.
Gabelli Equity Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 10.14%.
Hedge Funds Weigh In On Gabelli Equity Trust
A number of hedge funds have recently bought and sold shares of GAB. Beacon Pointe Advisors LLC boosted its stake in Gabelli Equity Trust by 7.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $161,000 after acquiring an additional 2,000 shares during the period. PFG Investments LLC boosted its stake in Gabelli Equity Trust by 3.5% in the first quarter. PFG Investments LLC now owns 86,549 shares of the financial services provider's stock valued at $477,000 after acquiring an additional 2,928 shares during the period. Wedbush Securities Inc. boosted its stake in Gabelli Equity Trust by 4.0% in the first quarter. Wedbush Securities Inc. now owns 121,478 shares of the financial services provider's stock valued at $669,000 after acquiring an additional 4,687 shares during the period. Arete Wealth Advisors LLC boosted its stake in Gabelli Equity Trust by 30.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 20,280 shares of the financial services provider's stock valued at $109,000 after acquiring an additional 4,707 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Gabelli Equity Trust by 0.6% in the first quarter. Gamco Investors INC. ET AL now owns 847,105 shares of the financial services provider's stock valued at $4,668,000 after acquiring an additional 5,430 shares during the period. 7.24% of the stock is currently owned by institutional investors and hedge funds.
Gabelli Equity Trust Company Profile
(
Get 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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