Jump Financial LLC Purchases New Shares in The Gabelli Equity Trust Inc. (NYSE:GAB)

Jump Financial LLC bought a new stake in The Gabelli Equity Trust Inc. (NYSE:GABFree Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 11,400 shares of the financial services provider’s stock, valued at approximately $58,000.

Other institutional investors also recently modified their holdings of the company. Golden State Equity Partners increased its stake in The Gabelli Equity Trust by 2.0% in the fourth quarter. Golden State Equity Partners now owns 115,489 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 2,219 shares in the last quarter. Cerity Partners LLC lifted its position in shares of The Gabelli Equity Trust by 21.4% in the fourth quarter. Cerity Partners LLC now owns 14,979 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,641 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of The Gabelli Equity Trust by 26.9% during the 4th quarter. CoreCap Advisors LLC now owns 13,491 shares of the financial services provider’s stock worth $69,000 after buying an additional 2,858 shares during the last quarter. Brookstone Capital Management boosted its position in The Gabelli Equity Trust by 6.2% during the fourth quarter. Brookstone Capital Management now owns 56,284 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 3,302 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of The Gabelli Equity Trust by 7.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 51,520 shares of the financial services provider’s stock valued at $264,000 after buying an additional 3,761 shares in the last quarter. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Price Performance

Shares of GAB opened at $5.37 on Friday. The firm has a 50-day moving average of $5.41 and a 200-day moving average of $5.27. The Gabelli Equity Trust Inc. has a one year low of $4.56 and a one year high of $5.88.

The Gabelli Equity Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, June 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.18%. The ex-dividend date of this dividend is Thursday, June 13th.

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.

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Institutional Ownership by Quarter for The Gabelli Equity Trust (NYSE:GAB)

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