Guggenheim Capital LLC Purchases 103,719 Shares of The Gabelli Equity Trust Inc. (NYSE:GAB)

Guggenheim Capital LLC boosted its holdings in The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) by 162.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,494 shares of the financial services provider's stock after buying an additional 103,719 shares during the quarter. Guggenheim Capital LLC owned 0.06% of The Gabelli Equity Trust worth $901,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GAB. Apollon Wealth Management LLC grew its holdings in shares of The Gabelli Equity Trust by 31.2% during the fourth quarter. Apollon Wealth Management LLC now owns 15,170 shares of the financial services provider's stock valued at $82,000 after buying an additional 3,605 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of The Gabelli Equity Trust by 5.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 95,076 shares of the financial services provider's stock valued at $512,000 after purchasing an additional 4,512 shares during the period. Arete Wealth Advisors LLC grew its position in shares of The 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 purchasing an additional 4,707 shares during the last quarter. Consolidated Portfolio Review Corp boosted its position in shares of The Gabelli Equity Trust by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 122,839 shares of the financial services provider's stock valued at $661,000 after acquiring an additional 4,781 shares during the period. Finally, Kentucky Trust Co acquired a new position in shares of The Gabelli Equity Trust during the fourth quarter valued at about $40,000. 7.24% of the stock is currently owned by institutional investors and hedge funds.

The Gabelli Equity Trust Price Performance

Shares of NYSE:GAB traded up $0.03 during trading on Tuesday, hitting $5.46. 79,224 shares of the stock were exchanged, compared to its average volume of 576,087. The Gabelli Equity Trust Inc. has a 1-year low of $4.50 and a 1-year high of $5.85. The company's fifty day simple moving average is $5.41 and its 200-day simple moving average is $5.49.

The Gabelli Equity Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 11.00%.

The Gabelli Equity Trust Company 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.