13,530 Shares in The Gabelli Equity Trust Inc. (NYSE:GAB) Bought by MTM Investment Management LLC

MTM Investment Management LLC bought a new stake in The Gabelli Equity Trust Inc. (NYSE:GAB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,530 shares of the financial services provider’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in The Gabelli Equity Trust by 466.5% in the third quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock valued at $12,633,000 after acquiring an additional 1,894,854 shares during the period. Shaker Financial Services LLC grew its stake in The Gabelli Equity Trust by 413.3% in the third quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock valued at $3,583,000 after acquiring an additional 525,502 shares during the period. Golden State Wealth Management LLC acquired a new position in The Gabelli Equity Trust in the fourth quarter valued at about $2,925,000. Accel Wealth Management grew its stake in The Gabelli Equity Trust by 6.1% in the fourth quarter. Accel Wealth Management now owns 346,036 shares of the financial services provider’s stock valued at $1,862,000 after acquiring an additional 19,990 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in The Gabelli Equity Trust by 6.1% in the third quarter. Advisors Asset Management Inc. now owns 212,791 shares of the financial services provider’s stock valued at $1,168,000 after acquiring an additional 12,220 shares during the period. 7.24% of the stock is owned by institutional investors and hedge funds.

The Gabelli Equity Trust Stock Up 0.1 %

GAB stock opened at $5.56 on Thursday. The business has a 50-day moving average of $5.51 and a 200-day moving average of $5.49. The Gabelli Equity Trust Inc. has a fifty-two week low of $5.09 and a fifty-two week high of $5.85.

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.