Golden State Equity Partners Purchases 2,219 Shares of The Gabelli Equity Trust Inc. (NYSE:GAB)

Golden State Equity Partners boosted its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,489 shares of the financial services provider’s stock after buying an additional 2,219 shares during the period. Golden State Equity Partners’ holdings in The Gabelli Equity Trust were worth $587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in The Gabelli Equity Trust during the third quarter valued at approximately $52,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of The Gabelli Equity Trust in the third quarter worth approximately $69,000. CoreCap Advisors LLC raised its holdings in shares of The Gabelli Equity Trust by 26.9% in the fourth quarter. CoreCap Advisors LLC now owns 13,491 shares of the financial services provider’s stock worth $69,000 after buying an additional 2,858 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of The Gabelli Equity Trust in the fourth quarter worth approximately $75,000. Finally, Cerity Partners LLC increased its holdings in The Gabelli Equity Trust by 21.4% during the 4th quarter. Cerity Partners LLC now owns 14,979 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,641 shares during the period. 7.24% of the stock is owned by institutional investors.

Insider Transactions at The Gabelli Equity Trust

In other The Gabelli Equity Trust news, insider Mario J. Gabelli acquired 10,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was purchased at an average price of $100.00 per share, with a total value of $1,000,000.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,000,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

The Gabelli Equity Trust Stock Up 0.2 %

NYSE GAB traded up $0.01 during midday trading on Friday, hitting $5.31. 194,386 shares of the company traded hands, compared to its average volume of 448,432. The company’s 50-day simple moving average is $5.41 and its 200-day simple moving average is $5.17. The Gabelli Equity Trust Inc. has a 52 week low of $4.56 and a 52 week high of $5.88.

The Gabelli Equity Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.60 annualized dividend and a yield of 11.30%.

The Gabelli Equity Trust Company 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.