The Gabelli Equity Trust Inc. (NYSE:GAB) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its stake in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,442 shares of the financial services provider’s stock after selling 7,580 shares during the period. Cerity Partners LLC owned about 0.08% of The Gabelli Equity Trust worth $1,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GAB. Concourse Financial Group Securities Inc. grew its stake in shares of The Gabelli Equity Trust by 252.9% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,000 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 4,300 shares during the period. Rothschild Investment LLC purchased a new position in The Gabelli Equity Trust in the second quarter valued at $31,000. CNB Bank acquired a new position in shares of The Gabelli Equity Trust in the third quarter worth about $38,000. Triton Wealth Management PLLC acquired a new position in shares of The Gabelli Equity Trust in the third quarter worth about $60,000. Finally, Kapstone Financial Advisors LLC purchased a new stake in shares of The Gabelli Equity Trust during the 2nd quarter worth about $61,000. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

The Gabelli Equity Trust Stock Performance

Shares of The Gabelli Equity Trust stock opened at $5.80 on Wednesday. The Gabelli Equity Trust Inc. has a twelve month low of $4.96 and a twelve month high of $5.84. The business has a 50-day moving average price of $5.52 and a 200 day moving average price of $5.44.

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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date is 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.