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

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of The Gabelli Equity Trust by 1,196.4% during the first quarter. Cetera Investment Advisers now owns 449,417 shares of the financial services provider’s stock valued at $2,481,000 after acquiring an additional 414,751 shares during the last quarter. RDA Financial Network lifted its holdings in The Gabelli Equity Trust by 221.0% in the 2nd quarter. RDA Financial Network now owns 39,368 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 27,103 shares in the last quarter. Accel Wealth Management boosted its stake in The Gabelli Equity Trust by 8.6% during the 2nd quarter. Accel Wealth Management now owns 321,257 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 25,443 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Gabelli Equity Trust by 49.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 90,680 shares of the financial services provider’s stock worth $472,000 after buying an additional 29,816 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of The Gabelli Equity Trust by 5.1% in the second quarter. Brookstone Capital Management now owns 56,612 shares of the financial services provider’s stock valued at $311,000 after buying an additional 2,759 shares during the last quarter. 7.24% of the stock is owned by hedge funds and other institutional investors.

The Gabelli Equity Trust Stock Performance

GAB 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 firm’s 50-day moving average price is $5.52 and its 200 day moving average price is $5.44.

The Gabelli Equity Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.34%. The ex-dividend date is Friday, December 13th.

About The Gabelli Equity Trust

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Equity Trust Inc. (NYSE:GABFree Report).

Institutional Ownership by Quarter for The Gabelli Equity Trust (NYSE:GAB)

Receive News & Ratings for The Gabelli Equity Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Equity Trust and related companies with MarketBeat.com's FREE daily email newsletter.