Golden State Equity Partners Has $565,000 Stock Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

Golden State Equity Partners lowered its stake in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,929 shares of the financial services provider’s stock after selling 8,430 shares during the period. Golden State Equity Partners’ holdings in The Gabelli Equity Trust were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GAB. Concourse Financial Group Securities Inc. lifted its position in The Gabelli Equity Trust by 252.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,000 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 4,300 shares in the last quarter. Rothschild Investment LLC bought a new position in The Gabelli Equity Trust in the 2nd quarter valued at about $31,000. CNB Bank bought a new position in The Gabelli Equity Trust in the 3rd quarter valued at about $38,000. CreativeOne Wealth LLC bought a new position in The Gabelli Equity Trust in the 1st quarter valued at about $56,000. Finally, Triton Wealth Management PLLC bought a new position in The Gabelli Equity Trust in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Stock Up 0.4 %

Shares of NYSE GAB opened at $5.44 on Thursday. The Gabelli Equity Trust Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $5.74. The firm’s 50-day simple moving average is $5.47 and its 200 day simple moving average is $5.40.

The Gabelli Equity Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were paid a $0.15 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.60 annualized dividend and a yield of 11.03%.

The 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.