Kera Capital Partners Inc. Purchases Shares of 105,780 The Gabelli Equity Trust Inc. (NYSE:GAB)

Kera Capital Partners Inc. acquired a new position in The Gabelli Equity Trust Inc. (NYSE:GAB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 105,780 shares of the financial services provider’s stock, valued at approximately $569,000.

Other large investors have also recently made changes to their positions in the company. CNB Bank purchased a new stake in The Gabelli Equity Trust in the third quarter worth $38,000. Triton Wealth Management PLLC bought a new position in The Gabelli Equity Trust in the 3rd quarter worth $60,000. Meridian Wealth Management LLC purchased a new stake in shares of The Gabelli Equity Trust in the 3rd quarter worth about $75,000. Executive Wealth Management LLC bought a new stake in shares of The Gabelli Equity Trust during the 3rd quarter valued at about $82,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of The Gabelli Equity Trust during the third quarter valued at about $85,000. 7.24% of the stock is currently owned by institutional investors.

The Gabelli Equity Trust Price Performance

GAB stock opened at $5.49 on Friday. The firm has a 50-day moving average of $5.55 and a 200 day moving average of $5.46. The Gabelli Equity Trust Inc. has a 1 year low of $5.03 and a 1 year high of $5.85.

The Gabelli Equity Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.94%. The ex-dividend date of this dividend was Friday, December 13th.

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.