The Gabelli Equity Trust Inc. (NYSE:GAB) Shares Acquired by David J Yvars Group

David J Yvars Group increased its holdings in shares of The Gabelli Equity Trust Inc. (NYSE:GABGet Rating) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,322 shares of the financial services provider’s stock after buying an additional 2,215 shares during the period. David J Yvars Group’s holdings in The Gabelli Equity Trust were worth $138,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Northern Trust Corp lifted its position in shares of The Gabelli Equity Trust by 107.0% during the 4th quarter. Northern Trust Corp now owns 85,394 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 44,135 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in The Gabelli Equity Trust during the fourth quarter worth approximately $876,000. Golden State Wealth Management LLC boosted its holdings in The Gabelli Equity Trust by 5.9% in the fourth quarter. Golden State Wealth Management LLC now owns 497,124 shares of the financial services provider’s stock valued at $3,574,000 after purchasing an additional 27,556 shares in the last quarter. Laidlaw Wealth Management LLC acquired a new stake in The Gabelli Equity Trust during the fourth quarter worth approximately $492,000. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of The Gabelli Equity Trust during the 4th quarter worth approximately $81,000. 7.46% of the stock is currently owned by institutional investors and hedge funds.

The Gabelli Equity Trust Stock Performance

Shares of GAB stock traded up $0.01 during mid-day trading on Friday, hitting $5.87. 42,883 shares of the stock were exchanged, compared to its average volume of 370,636. The Gabelli Equity Trust Inc. has a 12-month low of $5.47 and a 12-month high of $7.41. The stock’s fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $6.50.

The Gabelli Equity Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.60 annualized dividend and a dividend yield of 10.22%.

The Gabelli Equity Trust Company Profile

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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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Institutional Ownership by Quarter for The Gabelli Equity Trust (NYSE:GAB)

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