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

MTM Investment Management LLC bought a new position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,530 shares of the financial services provider’s stock, valued at approximately $73,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CNB Bank bought a new position in shares of The Gabelli Equity Trust during the 3rd quarter worth approximately $38,000. Kentucky Trust Co bought a new position in The Gabelli Equity Trust in the 4th quarter valued at $40,000. Aurora Private Wealth Inc. bought a new position in The Gabelli Equity Trust in the 4th quarter valued at $56,000. Strategic Financial Concepts LLC bought a new position in The Gabelli Equity Trust in the 4th quarter valued at $58,000. Finally, Meridian Wealth Management LLC bought a new position in The Gabelli Equity Trust in the 3rd quarter valued at $75,000. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Up 0.1 %

Shares of GAB opened at $5.56 on Thursday. The stock has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $5.49. 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 Company Profile

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.