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

Virtu Financial LLC purchased a new stake in The Gabelli Equity Trust Inc. (NYSE:GAB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 66,424 shares of the financial services provider’s stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cohen & Steers Inc. grew its stake in The Gabelli Equity Trust by 4.0% in the 4th quarter. Cohen & Steers Inc. now owns 903,640 shares of the financial services provider’s stock valued at $4,590,000 after buying an additional 35,000 shares during the last quarter. Shaker Financial Services LLC acquired a new position in The Gabelli Equity Trust in the 4th quarter valued at about $2,441,000. UBS Group AG grew its stake in The Gabelli Equity Trust by 7.2% in the 3rd quarter. UBS Group AG now owns 449,332 shares of the financial services provider’s stock valued at $2,305,000 after buying an additional 30,182 shares during the last quarter. Scotia Capital Inc. grew its stake in The Gabelli Equity Trust by 5.3% in the 4th quarter. Scotia Capital Inc. now owns 441,763 shares of the financial services provider’s stock valued at $2,244,000 after buying an additional 22,226 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in The Gabelli Equity Trust by 4.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 299,849 shares of the financial services provider’s stock valued at $1,523,000 after buying an additional 11,845 shares during the last quarter. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Down 0.4 %

Shares of GAB opened at $5.23 on Thursday. The Gabelli Equity Trust Inc. has a 52 week low of $4.56 and a 52 week high of $5.88. The firm’s 50-day simple moving average is $5.40 and its 200 day simple moving average is $5.31.

The Gabelli Equity Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, June 13th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.47%.

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.