NBC Securities Inc. Increases Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

NBC Securities Inc. lifted its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 79.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,466 shares of the financial services provider’s stock after buying an additional 15,680 shares during the quarter. NBC Securities Inc.’s holdings in The Gabelli Equity Trust were worth $194,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its position in shares of The Gabelli Equity Trust by 34.7% in the third quarter. Valeo Financial Advisors LLC now owns 42,032 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 10,835 shares in the last quarter. Triton Wealth Management PLLC bought a new stake in The Gabelli Equity Trust during the 3rd quarter valued at approximately $60,000. Cetera Investment Advisers lifted its holdings in The Gabelli Equity Trust by 7.8% in the 2nd quarter. Cetera Investment Advisers now owns 484,285 shares of the financial services provider’s stock worth $2,518,000 after purchasing an additional 34,868 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in The Gabelli Equity Trust by 23.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 63,535 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 12,015 shares during the period. Finally, Arista Wealth Management LLC purchased a new stake in The Gabelli Equity Trust during the 2nd quarter valued at approximately $245,000. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Up 1.1 %

The Gabelli Equity Trust stock opened at $5.50 on Friday. The firm’s 50 day moving average price is $5.45 and its 200-day moving average price is $5.40. The Gabelli Equity Trust Inc. has a 1 year low of $4.56 and a 1 year high of $5.74.

The Gabelli Equity Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.91%. The ex-dividend date of this dividend was Monday, September 16th.

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.