Raymond James Financial Services Advisors Inc. decreased its stake in Gabelli Equity Trust, Inc. (The) (NYSE:GAB) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,363 shares of the financial services provider’s stock after selling 7,477 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.13% of Gabelli Equity Trust, Inc. (The) worth $1,714,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kelman Lazarov Inc. acquired a new position in shares of Gabelli Equity Trust, Inc. (The) in the 2nd quarter valued at $103,000. Wells Fargo & Company MN boosted its holdings in shares of Gabelli Equity Trust, Inc. (The) by 21.1% in the 2nd quarter. Wells Fargo & Company MN now owns 584,120 shares of the financial services provider’s stock valued at $3,611,000 after buying an additional 101,704 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Gabelli Equity Trust, Inc. (The) by 19.3% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 165,861 shares of the financial services provider’s stock valued at $1,025,000 after buying an additional 26,820 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Gabelli Equity Trust, Inc. (The) by 24.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,612 shares of the financial services provider’s stock valued at $121,000 after buying an additional 3,906 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Gabelli Equity Trust, Inc. (The) by 48.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 519,181 shares of the financial services provider’s stock valued at $3,209,000 after buying an additional 170,523 shares in the last quarter. Institutional investors and hedge funds own 5.92% of the company’s stock.

Gabelli Equity Trust, Inc. (GAB) opened at 6.50 on Friday. The stock has a 50 day moving average of $6.46 and a 200 day moving average of $6.24. Gabelli Equity Trust, Inc. has a one year low of $5.13 and a one year high of $6.59.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.23%.

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Gabelli Equity Trust, Inc. (The) Company Profile

The Gabelli Equity Trust Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to achieve long term growth of capital with income as a secondary objective. The Fund will invest at least 80% of its assets in equity securities under normal market conditions.

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

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