International Assets Investment Management LLC Has $2.24 Million Stake in The Gabelli Equity Trust Inc. (NYSE:GAB)

International Assets Investment Management LLC lowered its holdings in The Gabelli Equity Trust Inc. (NYSE:GAB) by 81.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 417,926 shares of the financial services provider’s stock after selling 1,883,104 shares during the quarter. International Assets Investment Management LLC owned about 0.14% of The Gabelli Equity Trust worth $2,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shaker Financial Services LLC boosted its position in shares of The Gabelli Equity Trust by 413.3% during the third quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock valued at $3,583,000 after buying an additional 525,502 shares during the last quarter. Cetera Investment Advisers boosted its holdings in The Gabelli Equity Trust by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 484,285 shares of the financial services provider’s stock worth $2,518,000 after acquiring an additional 34,868 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of The Gabelli Equity Trust by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 212,791 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 12,220 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of The Gabelli Equity Trust by 3.0% in the third 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 last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of The Gabelli Equity Trust by 435.6% during the third quarter. Wolverine Asset Management LLC now owns 121,044 shares of the financial services provider’s stock valued at $665,000 after purchasing an additional 98,444 shares in the last quarter. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Stock Up 0.2 %

Shares of GAB stock opened at $5.38 on Thursday. The Gabelli Equity Trust Inc. has a 52-week low of $4.98 and a 52-week high of $5.85. The company has a 50-day simple moving average of $5.56 and a two-hundred day simple moving average of $5.46.

The Gabelli Equity Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 11.15%.

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.