The Gabelli Equity Trust Inc. (NYSE:GAB) Shares Bought by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp grew its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,839 shares of the financial services provider’s stock after purchasing an additional 4,781 shares during the period. Consolidated Portfolio Review Corp’s holdings in The Gabelli Equity Trust were worth $661,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its stake in The Gabelli Equity Trust by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 484,285 shares of the financial services provider’s stock worth $2,518,000 after buying an additional 34,868 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of The Gabelli Equity Trust by 34.7% during the third quarter. Valeo Financial Advisors LLC now owns 42,032 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 10,835 shares in the last quarter. NBC Securities Inc. increased its position in shares of The Gabelli Equity Trust by 79.2% during the third quarter. NBC Securities Inc. now owns 35,466 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 15,680 shares during the last quarter. Good Life Advisors LLC boosted its holdings in The Gabelli Equity Trust by 100.0% in the third quarter. Good Life Advisors LLC now owns 56,834 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 28,417 shares during the last quarter. Finally, CNB Bank purchased a new position in The Gabelli Equity Trust in the third quarter valued at about $38,000. 7.24% of the stock is owned by institutional investors and hedge funds.

The Gabelli Equity Trust Stock Performance

GAB stock opened at $5.54 on Friday. The stock’s 50 day moving average is $5.53 and its two-hundred day moving average is $5.48. The Gabelli Equity Trust Inc. has a 52-week low of $5.09 and a 52-week high of $5.85.

The Gabelli Equity Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.84%.

About The Gabelli Equity Trust

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.