PI Global Investments
Hedge Funds

Kestra Advisory Services LLC Has $288,000 Holdings in The Gabelli Equity Trust Inc. (NYSE:GAB)


Kestra Advisory Services LLC cut its holdings in The Gabelli Equity Trust Inc. (NYSE:GABGet Rating) by 22.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,624 shares of the financial services provider’s stock after selling 12,109 shares during the period. Kestra Advisory Services LLC’s holdings in The Gabelli Equity Trust were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $40,000. SYM FINANCIAL Corp acquired a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $72,000. Montz Harcus Wealth Management LLC acquired a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $79,000. Graham Capital Wealth Management LLC acquired a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $81,000. Finally, Savant Capital LLC acquired a new stake in shares of The Gabelli Equity Trust in the fourth quarter valued at approximately $88,000. 7.15% of the stock is currently owned by institutional investors and hedge funds.

The Gabelli Equity Trust Stock Performance

Shares of GAB opened at $6.23 on Monday. The Gabelli Equity Trust Inc. has a 1-year low of $5.47 and a 1-year high of $7.41. The company’s fifty day simple moving average is $6.32 and its 200 day simple moving average is $6.72.

The Gabelli Equity Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Wednesday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.60 dividend on an annualized basis and a yield of 9.63%.

The Gabelli Equity Trust Company Profile

(Get Rating)

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.

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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:GABGet Rating).

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



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