Stratos Wealth Partners LTD. Grows Stake in Gabelli Equity Trust Inc. $GAB

Stratos Wealth Partners LTD. grew its holdings in shares of Gabelli Equity Trust Inc. (NYSE:GAB) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,735 shares of the financial services provider’s stock after buying an additional 14,115 shares during the period. Stratos Wealth Partners LTD.’s holdings in Gabelli Equity Trust were worth $644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GAB. Aire Advisors LLC bought a new stake in Gabelli Equity Trust in the second quarter valued at $69,000. Triton Wealth Management PLLC purchased a new position in shares of Gabelli Equity Trust during the second quarter valued at about $66,000. Valley Brook Capital Group Inc. increased its position in shares of Gabelli Equity Trust by 2.7% during the second quarter. Valley Brook Capital Group Inc. now owns 115,836 shares of the financial services provider’s stock valued at $674,000 after buying an additional 3,000 shares during the period. Kingswood Wealth Advisors LLC raised its stake in Gabelli Equity Trust by 4.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 64,836 shares of the financial services provider’s stock worth $377,000 after buying an additional 3,000 shares in the last quarter. Finally, Accel Wealth Management lifted its holdings in Gabelli Equity Trust by 1.2% in the second quarter. Accel Wealth Management now owns 364,694 shares of the financial services provider’s stock worth $2,123,000 after buying an additional 4,185 shares during the period. Hedge funds and other institutional investors own 7.24% of the company’s stock.

Gabelli Equity Trust Stock Down 0.2%

Gabelli Equity Trust stock opened at $5.99 on Thursday. Gabelli Equity Trust Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $6.32. The stock’s 50 day simple moving average is $6.08 and its two-hundred day simple moving average is $5.82.

Gabelli Equity Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend was Tuesday, September 16th.

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.