Shaker Financial Services LLC trimmed its holdings in The Gabelli Equity Trust Inc. (NYSE:GAB - Free Report) by 90.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,643 shares of the financial services provider's stock after selling 592,010 shares during the period. Shaker Financial Services LLC's holdings in The Gabelli Equity Trust were worth $326,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC raised its position in shares of The Gabelli Equity Trust by 31.2% during the 4th quarter. Apollon Wealth Management LLC now owns 15,170 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 3,605 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in The Gabelli Equity Trust by 5.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 95,076 shares of the financial services provider's stock worth $512,000 after buying an additional 4,512 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in The Gabelli Equity Trust by 30.2% during the 4th quarter. Arete Wealth Advisors LLC now owns 20,280 shares of the financial services provider's stock worth $109,000 after buying an additional 4,707 shares during the last quarter. Consolidated Portfolio Review Corp grew its stake in The Gabelli Equity Trust by 4.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 122,839 shares of the financial services provider's stock worth $661,000 after buying an additional 4,781 shares during the last quarter. Finally, Kentucky Trust Co bought a new position in The Gabelli Equity Trust during the 4th quarter worth $40,000. 7.24% of the stock is owned by institutional investors and hedge funds.
The Gabelli Equity Trust Trading Up 1.1 %
Shares of NYSE:GAB traded up $0.06 on Friday, hitting $5.42. The company's stock had a trading volume of 589,712 shares, compared to its average volume of 578,194. The Gabelli Equity Trust Inc. has a 12 month low of $4.50 and a 12 month high of $5.85. The stock's 50-day moving average is $5.41 and its two-hundred day moving average is $5.49.
The Gabelli Equity Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were paid a $0.15 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.60 annualized dividend and a dividend yield of 11.07%.
The Gabelli Equity Trust Company Profile
(
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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