Raymond James Financial Services Advisors Inc. grew its stake in shares of Gabelli Equity Trust, Inc. (The) (NYSE:GAB) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,207 shares of the financial services provider’s stock after purchasing an additional 10,844 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.13% of Gabelli Equity Trust worth $1,873,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Virtu KCG Holdings LLC bought a new position in shares of Gabelli Equity Trust during the second quarter valued at approximately $108,000. GSA Capital Partners LLP raised its holdings in shares of Gabelli Equity Trust by 13.4% during the second quarter. GSA Capital Partners LLP now owns 18,900 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 2,234 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Gabelli Equity Trust by 24.9% during the second quarter. Janney Montgomery Scott LLC now owns 19,612 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 3,906 shares in the last quarter. Doliver Capital Advisors LP bought a new position in shares of Gabelli Equity Trust during the second quarter valued at approximately $261,000. Finally, Advisory Services Network LLC raised its holdings in Gabelli Equity Trust by 128.9% in the second quarter. Advisory Services Network LLC now owns 47,060 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 26,500 shares in the last quarter. Institutional investors own 5.97% of the company’s stock.
Gabelli Equity Trust, Inc. (NYSE:GAB) traded down $0.01 on Monday, reaching $6.13. The company’s stock had a trading volume of 289,500 shares, compared to its average volume of 431,670. Gabelli Equity Trust, Inc. has a twelve month low of $5.50 and a twelve month high of $6.59.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be issued a $0.16 dividend. This is an increase from Gabelli Equity Trust’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.64 dividend on an annualized basis and a yield of 10.44%.
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About Gabelli Equity Trust
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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