Golden State Wealth Management LLC Invests $2.93 Million in The Gabelli Equity Trust Inc. (NYSE:GAB)

Golden State Wealth 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 & Exchange Commission. The firm bought 543,761 shares of the financial services provider’s stock, valued at approximately $2,925,000. Golden State Wealth Management LLC owned approximately 0.18% of The Gabelli Equity Trust as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GAB. International Assets Investment Management LLC grew its stake in shares of The Gabelli Equity Trust by 466.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock worth $12,633,000 after buying an additional 1,894,854 shares in the last quarter. Shaker Financial Services LLC grew its position 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 worth $3,583,000 after acquiring an additional 525,502 shares in the last quarter. Cetera Investment Advisers increased its stake in The Gabelli Equity Trust by 7.8% during the second quarter. Cetera Investment Advisers now owns 484,285 shares of the financial services provider’s stock worth $2,518,000 after acquiring an additional 34,868 shares during the last quarter. Accel Wealth Management raised its position in The Gabelli Equity Trust by 6.1% during the fourth quarter. Accel Wealth Management now owns 346,036 shares of the financial services provider’s stock valued at $1,862,000 after purchasing an additional 19,990 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of The Gabelli Equity Trust by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 212,791 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 12,220 shares during the last quarter. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Up 0.1 %

Shares of The Gabelli Equity Trust stock opened at $5.58 on Friday. The stock has a 50 day moving average price of $5.54 and a 200-day moving average price of $5.48. The Gabelli Equity Trust Inc. has a one year low of $5.09 and a one year high of $5.85.

The Gabelli Equity Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.76%. The ex-dividend date was Friday, December 13th.

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.