Capital Square LLC Makes New $103,000 Investment in The Gabelli Equity Trust Inc. (NYSE:GAB)

Capital Square LLC bought a new stake in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) in the third quarter, Holdings Channel.com reports. The fund bought 18,747 shares of the financial services provider’s stock, valued at approximately $103,000.

A number of other hedge funds have also recently made changes to their positions in GAB. International Assets Investment Management LLC grew its stake in The Gabelli Equity Trust by 466.5% in the third quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock worth $12,633,000 after purchasing an additional 1,894,854 shares in the last quarter. Shaker Financial Services LLC grew its position in shares of 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 buying an additional 525,502 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of The Gabelli Equity Trust by 1,196.4% during the first quarter. Cetera Investment Advisers now owns 449,417 shares of the financial services provider’s stock valued at $2,481,000 after buying an additional 414,751 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of The Gabelli Equity Trust by 8.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,789,806 shares of the financial services provider’s stock valued at $14,507,000 after acquiring an additional 216,440 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in The Gabelli Equity Trust in the first quarter worth about $716,000. 7.24% of the stock is currently owned by institutional investors.

The Gabelli Equity Trust Trading Up 1.0 %

Shares of The Gabelli Equity Trust stock opened at $5.75 on Tuesday. The firm’s 50-day moving average is $5.47 and its two-hundred day moving average is $5.43. The Gabelli Equity Trust Inc. has a 1 year low of $4.96 and a 1 year high of $5.78.

The Gabelli Equity Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.44%.

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.