Aurora Private Wealth Inc. Invests $56,000 in The Gabelli Equity Trust Inc. (NYSE:GAB)

Aurora Private Wealth Inc. purchased a new position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) during the fourth quarter, HoldingsChannel reports. The firm purchased 10,459 shares of the financial services provider’s stock, valued at approximately $56,000.

A number of other hedge funds also recently modified their holdings of the business. PFG Investments LLC lifted its holdings in shares of The Gabelli Equity Trust by 2.3% during the third quarter. PFG Investments LLC now owns 83,651 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 1,869 shares during the period. Evernest Financial Advisors LLC lifted its holdings in shares of The Gabelli Equity Trust by 2.8% during the third quarter. Evernest Financial Advisors LLC now owns 99,398 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 2,663 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of The Gabelli Equity Trust by 3.0% during the third quarter. Thrivent Financial for Lutherans now owns 163,220 shares of the financial services provider’s stock worth $896,000 after purchasing an additional 4,703 shares during the period. CNB Bank acquired a new position in shares of The Gabelli Equity Trust during the third quarter worth $38,000. Finally, Valley Brook Capital Group Inc. raised its stake in The Gabelli Equity Trust by 8.9% during the third quarter. Valley Brook Capital Group Inc. now owns 103,586 shares of the financial services provider’s stock worth $569,000 after buying an additional 8,500 shares during the last quarter. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Price Performance

Shares of NYSE GAB opened at $5.66 on Monday. The Gabelli Equity Trust Inc. has a twelve month low of $5.09 and a twelve month high of $5.85. The firm has a fifty day simple moving average of $5.55 and a 200 day simple moving average of $5.47.

The Gabelli Equity Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.61%. The ex-dividend date was Friday, December 13th.

About The Gabelli Equity Trust

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.