1 week Ago By Defense World Staff
Bank of Montreal Can purchased a new position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,470 shares of the financial services provider’s stock, valued at approximately $56,000.
Other hedge funds also recently made changes to their positions in the company. Legacy Wealth Management LLC MS acquired a new position in The Gabelli Equity Trust during the third quarter worth $269,000. Wealth Enhancement Advisory Services LLC lifted its position in The Gabelli Equity Trust by 77.
6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,379 shares of the financial services provider’s stock worth $853,000 after buying an additional 67,889 shares in the last quarter. Kera Capital Partners Inc.
acquired a new position in shares of The Gabelli Equity Trust during the 4th quarter worth about $569,000. Accel Wealth Management increased its position in shares of 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 last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in The Gabelli Equity Trust during the fourth quarter worth about $327,000. 7.
24% of the stock is owned by institutional investors. The Gabelli Equity Trust Stock PerformanceGAB stock opened at $5.42 on Friday.
The Gabelli Equity Trust Inc. has a twelve month low of $4.50 and a twelve month high of $5.
85. The business has a 50 day moving average price of $5.41 and a two-hundred day moving average price of $5.
49. The Gabelli Equity Trust Announces DividendThe company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a $0.
15 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.
60 annualized dividend and a dividend yield of 11.07%. The Gabelli Equity Trust Company Profile (Free Report)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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