The Gabelli Equity Trust Inc. (NYSE:GAB) Shares Sold by Brookstone Capital Management

Brookstone Capital Management decreased its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 45.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,632 shares of the financial services provider’s stock after selling 23,400 shares during the period. Brookstone Capital Management’s holdings in The Gabelli Equity Trust were worth $149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PFG Investments LLC increased its stake in The Gabelli Equity Trust by 2.3% during the third quarter. PFG Investments LLC now owns 83,651 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 1,869 shares during the period. Evernest Financial Advisors LLC increased its stake in The Gabelli Equity Trust by 2.8% during the 3rd quarter. Evernest Financial Advisors LLC now owns 99,398 shares of the financial services provider’s stock worth $546,000 after buying an additional 2,663 shares during the period. Thrivent Financial for Lutherans lifted its holdings in The Gabelli Equity Trust by 3.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 163,220 shares of the financial services provider’s stock worth $896,000 after buying an additional 4,703 shares in the last quarter. CNB Bank purchased a new position in The Gabelli Equity Trust in the 3rd quarter valued at approximately $38,000. Finally, Valley Brook Capital Group Inc. boosted its position in The Gabelli Equity Trust by 8.9% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 103,586 shares of the financial services provider’s stock valued at $569,000 after buying an additional 8,500 shares during the period. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

The Gabelli Equity Trust Stock Up 0.8 %

The Gabelli Equity Trust stock opened at $5.49 on Monday. The Gabelli Equity Trust Inc. has a twelve month low of $5.03 and a twelve month high of $5.85. The stock’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $5.46.

The Gabelli Equity Trust Dividend Announcement

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