Apollon Wealth Management LLC Has $82,000 Stock Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

Apollon Wealth Management LLC grew its position in The Gabelli Equity Trust Inc. (NYSE:GAB) by 31.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,170 shares of the financial services provider’s stock after buying an additional 3,605 shares during the period. Apollon Wealth Management LLC’s holdings in The Gabelli Equity Trust were worth $82,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. grew its stake in The Gabelli Equity Trust by 79.2% in the third quarter. NBC Securities Inc. now owns 35,466 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 15,680 shares during the period. Good Life Advisors LLC grew its position in shares of The Gabelli Equity Trust by 100.0% in the 3rd quarter. Good Life Advisors LLC now owns 56,834 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 28,417 shares during the period. CNB Bank acquired a new position in shares of The Gabelli Equity Trust in the 3rd quarter valued at approximately $38,000. Evernest Financial Advisors LLC raised its holdings 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. Finally, International Assets Investment Management LLC raised its holdings in The Gabelli Equity Trust by 466.5% during the 3rd quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock worth $12,633,000 after buying an additional 1,894,854 shares during the period. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Down 0.1 %

The Gabelli Equity Trust stock opened at $5.56 on Friday. The Gabelli Equity Trust Inc. has a twelve month low of $5.09 and a twelve month high of $5.85. The company has a 50 day moving average of $5.50 and a 200-day moving average of $5.49.

The Gabelli Equity Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date is Monday, March 17th.

The Gabelli Equity Trust 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.