Gabelli Equity Trust Inc. (NYSE:GAB – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Wednesday, September 16th.
Gabelli Equity Trust Price Performance
GAB opened at $5.58 on Monday. The firm has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $5.65. Gabelli Equity Trust has a 52 week low of $5.28 and a 52 week high of $6.37.
Institutional Trading of Gabelli Equity Trust
A number of large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Gabelli Equity Trust during the 2nd quarter worth approximately $36,000. Baird Financial Group Inc. purchased a new position in shares of Gabelli Equity Trust in the 2nd quarter worth approximately $94,000. 1607 Capital Partners LLC purchased a new position in Gabelli Equity Trust during the second quarter worth $2,264,000. Old Mission Investment Co LLC bought a new stake in shares of Gabelli Equity Trust in the 2nd quarter worth about $176,000. Finally, SMART Wealth LLC bought a new stake in shares of Gabelli Equity Trust in the 2nd quarter worth about $57,000. Institutional investors own 7.24% of the company’s stock.
Gabelli Equity Trust Company Profile
Gabelli Equity Trust Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the symbol GAB. The fund seeks long-term growth of capital, with current income as a secondary objective, by investing primarily in a diversified portfolio of equity securities.
The portfolio may include common stocks and other equity investments in companies across a range of industries and geographic regions, including both the United States and international markets.
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