22,682 Shares in The Gabelli Equity Trust Inc. (NYSE:GAB) Bought by GWN Securities Inc.

Posted by Donna Armstrong on Mar 19th, 2025

GWN Securities Inc. purchased a new position in The Gabelli Equity Trust Inc. (NYSE:GAB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,682 shares of the financial services provider’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kentucky Trust Co bought a new stake in shares of The Gabelli Equity Trust in the fourth quarter worth $40,000. Aurora Private Wealth Inc. bought a new stake in shares of The Gabelli Equity Trust in the fourth quarter worth $56,000. Strategic Financial Concepts LLC bought a new stake in shares of The Gabelli Equity Trust in the fourth quarter worth $58,000. MTM Investment Management LLC bought a new stake in shares of The Gabelli Equity Trust in the fourth quarter worth $73,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of The Gabelli Equity Trust in the third quarter worth $75,000. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Stock Down 0.5 %

The Gabelli Equity Trust stock opened at $5.37 on Wednesday. The company has a fifty day moving average price of $5.52 and a two-hundred day moving average price of $5.52. The Gabelli Equity Trust Inc. has a 12 month low of $5.09 and a 12 month high of $5.85.

The Gabelli Equity Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date is Monday, March 17th.

The Gabelli Equity Trust Company Profile

(Free Report)

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.