Valley Brook Capital Group Inc. Has $569,000 Holdings in The Gabelli Equity Trust Inc. (NYSE:GAB)

Valley Brook Capital Group Inc. grew its holdings in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 8.9% in the 3rd quarter, Holdings Channel reports. The fund owned 103,586 shares of the financial services provider’s stock after buying an additional 8,500 shares during the period. Valley Brook Capital Group Inc.’s holdings in The Gabelli Equity Trust were worth $569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Shaker Financial Services LLC increased its position in The Gabelli Equity Trust by 413.3% during the 3rd quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock worth $3,583,000 after purchasing an additional 525,502 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in shares of The Gabelli Equity Trust during the third quarter worth $285,000. Pinnacle Associates Ltd. acquired a new position in shares of The Gabelli Equity Trust during the third quarter worth $146,000. Consolidated Portfolio Review Corp bought a new position in shares of The Gabelli Equity Trust in the 3rd quarter valued at $648,000. Finally, PFG Investments LLC boosted its holdings in shares of The Gabelli Equity Trust by 2.3% during the 3rd quarter. PFG Investments LLC now owns 83,651 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 1,869 shares in the last quarter. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Stock Performance

Shares of GAB stock traded up $0.04 during mid-day trading on Thursday, reaching $5.59. 67,701 shares of the stock traded hands, compared to its average volume of 572,840. The stock’s fifty day simple moving average is $5.46 and its two-hundred day simple moving average is $5.41. The Gabelli Equity Trust Inc. has a 1-year low of $4.71 and a 1-year high of $5.74.

The Gabelli Equity Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.73%. The ex-dividend date of this dividend was Monday, September 16th.

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.