1 week Ago By ABMN Staff
Bank of Montreal Can acquired a new stake in The Gabelli Equity Trust Inc. ( NYSE:GAB – Free Report ) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,470 shares of the financial services provider’s stock, valued at approximately $56,000.
A number of other hedge funds also recently made changes to their positions in the business. Cerity Partners LLC raised its stake in The Gabelli Equity Trust by 9.0% in the 4th quarter.
Cerity Partners LLC now owns 275,209 shares of the financial services provider’s stock valued at $1,481,000 after acquiring an additional 22,767 shares during the period. Arete Wealth Advisors LLC raised its position in shares of The Gabelli Equity Trust by 30.2% in the fourth quarter.
Arete Wealth Advisors LLC now owns 20,280 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 4,707 shares during the period. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of The Gabelli Equity Trust during the 4th quarter worth about $149,000. LPL Financial LLC boosted its holdings in shares of The Gabelli Equity Trust by 28.
3% during the 4th quarter. LPL Financial LLC now owns 3,520,427 shares of the financial services provider’s stock worth $18,940,000 after buying an additional 776,591 shares during the period. Finally, HUB Investment Partners LLC boosted its holdings in shares of The Gabelli Equity Trust by 230.
2% during the 4th quarter. HUB Investment Partners LLC now owns 50,203 shares of the financial services provider’s stock worth $270,000 after buying an additional 35,000 shares during the period. 7.
24% of the stock is owned by institutional investors and hedge funds. The Gabelli Equity Trust Price Performance The Gabelli Equity Trust stock opened at $5.42 on Friday.
The company’s 50-day moving average price is $5.41 and its two-hundred day moving average price is $5.49.
The Gabelli Equity Trust Inc. has a twelve month low of $4.50 and a twelve month high of $5.
85. The Gabelli Equity Trust Announces Dividend About The Gabelli Equity Trust ( 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. Further Reading Want to see what other hedge funds are holding GAB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Gabelli Equity Trust Inc. ( NYSE:GAB – Free Report ). Receive News & Ratings for The Gabelli Equity Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Equity Trust and related companies with MarketBeat.
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