Aire Advisors LLC Acquires Shares of 11,813 Gabelli Equity Trust Inc. $GAB

Aire Advisors LLC bought a new stake in shares of Gabelli Equity Trust Inc. (NYSE:GAB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,813 shares of the financial services provider’s stock, valued at approximately $69,000.

Several other hedge funds also recently modified their holdings of the stock. Triton Wealth Management PLLC purchased a new position in shares of Gabelli Equity Trust during the second quarter valued at approximately $66,000. Valley Brook Capital Group Inc. boosted its position in shares of Gabelli Equity Trust by 2.7% during the second quarter. Valley Brook Capital Group Inc. now owns 115,836 shares of the financial services provider’s stock valued at $674,000 after buying an additional 3,000 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of Gabelli Equity Trust by 4.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 64,836 shares of the financial services provider’s stock valued at $377,000 after buying an additional 3,000 shares during the last quarter. Accel Wealth Management boosted its position in shares of Gabelli Equity Trust by 1.2% during the second quarter. Accel Wealth Management now owns 364,694 shares of the financial services provider’s stock valued at $2,123,000 after buying an additional 4,185 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Gabelli Equity Trust during the second quarter valued at approximately $172,000. Hedge funds and other institutional investors own 7.24% of the company’s stock.

Gabelli Equity Trust Stock Up 0.1%

Shares of NYSE:GAB opened at $6.00 on Thursday. Gabelli Equity Trust Inc. has a 12-month low of $4.50 and a 12-month high of $6.32. The business’s 50 day moving average is $6.07 and its 200 day moving average is $5.80.

Gabelli Equity Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 10.0%.

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.