Gamco Investors INC. ET AL Has $4.64 Million Stock Position in Gabelli Equity Trust Inc (NYSE:GAB)

Gamco Investors INC. ET AL lowered its stake in Gabelli Equity Trust Inc (NYSE:GAB) by 9.6% during the third quarter, Holdings Channel.com reports. The fund owned 775,256 shares of the financial services provider’s stock after selling 82,679 shares during the period. Gamco Investors INC. ET AL’s holdings in Gabelli Equity Trust were worth $4,636,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its holdings in Gabelli Equity Trust by 1.4% during the third quarter. Hollencrest Capital Management now owns 206,385 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 2,763 shares during the period. West Chester Capital Advisors Inc. grew its holdings in Gabelli Equity Trust by 17.1% during the second quarter. West Chester Capital Advisors Inc. now owns 19,900 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 2,900 shares during the period. Janney Montgomery Scott LLC grew its holdings in Gabelli Equity Trust by 24.2% during the second quarter. Janney Montgomery Scott LLC now owns 16,427 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 3,205 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Gabelli Equity Trust by 100.8% during the third quarter. TCI Wealth Advisors Inc. now owns 8,372 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 4,202 shares during the period. Finally, Pecaut & CO. grew its holdings in Gabelli Equity Trust by 1.5% during the second quarter. Pecaut & CO. now owns 297,928 shares of the financial services provider’s stock worth $1,841,000 after purchasing an additional 4,360 shares during the period. 5.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director James P. Conn sold 29,001 shares of Gabelli Equity Trust stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $5.98, for a total transaction of $173,425.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Gabelli Equity Trust stock opened at $6.13 on Friday. Gabelli Equity Trust Inc has a 52 week low of $4.75 and a 52 week high of $6.32. The stock has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $6.09.

Gabelli Equity Trust Profile

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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Institutional Ownership by Quarter for Gabelli Equity Trust (NYSE:GAB)

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