Strategic Financial Concepts LLC Purchases New Holdings in The Gabelli Equity Trust Inc. (NYSE:GAB)

Strategic Financial Concepts LLC acquired a new position in The Gabelli Equity Trust Inc. (NYSE:GAB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,760 shares of the financial services provider’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GAB. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Equity Trust by 466.5% in the third quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock valued at $12,633,000 after purchasing an additional 1,894,854 shares in the last quarter. Shaker Financial Services LLC lifted its stake in The Gabelli Equity Trust by 413.3% in the 3rd quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock worth $3,583,000 after acquiring an additional 525,502 shares in the last quarter. Accel Wealth Management boosted its position in The Gabelli Equity Trust by 6.1% during the 4th quarter. Accel Wealth Management now owns 346,036 shares of the financial services provider’s stock worth $1,862,000 after acquiring an additional 19,990 shares during the period. Advisors Asset Management Inc. grew its stake in The Gabelli Equity Trust by 6.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 212,791 shares of the financial services provider’s stock valued at $1,168,000 after acquiring an additional 12,220 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of The Gabelli Equity Trust by 3.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 163,220 shares of the financial services provider’s stock valued at $896,000 after purchasing an additional 4,703 shares during the period. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

The Gabelli Equity Trust Price Performance

NYSE GAB opened at $5.56 on Thursday. The company has a 50 day simple moving average of $5.51 and a 200-day simple moving average of $5.49. The Gabelli Equity Trust Inc. has a 52-week low of $5.09 and a 52-week high of $5.85.

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.