Consolidated Portfolio Review Corp Has $655,000 Position in Gabelli Equity Trust Inc. $GAB

Consolidated Portfolio Review Corp lowered its position in Gabelli Equity Trust Inc. (NYSE:GAB) by 17.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,532 shares of the financial services provider’s stock after selling 24,235 shares during the period. Consolidated Portfolio Review Corp’s holdings in Gabelli Equity Trust were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Gabelli Equity Trust by 6.9% in the second quarter. Janney Montgomery Scott LLC now owns 147,684 shares of the financial services provider’s stock worth $860,000 after buying an additional 9,474 shares during the last quarter. Register Financial Advisors LLC increased its holdings in Gabelli Equity Trust by 81.1% in the second quarter. Register Financial Advisors LLC now owns 22,637 shares of the financial services provider’s stock worth $132,000 after buying an additional 10,135 shares during the last quarter. Kapstone Financial Advisors LLC increased its holdings in Gabelli Equity Trust by 80.9% in the second quarter. Kapstone Financial Advisors LLC now owns 21,080 shares of the financial services provider’s stock worth $123,000 after buying an additional 9,430 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in Gabelli Equity Trust by 456,629.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 123,298,660 shares of the financial services provider’s stock worth $674,594,000 after buying an additional 123,271,664 shares during the last quarter. Finally, Legacy Wealth Management LLC MS increased its holdings in Gabelli Equity Trust by 184.3% in the second quarter. Legacy Wealth Management LLC MS now owns 52,739 shares of the financial services provider’s stock worth $307,000 after buying an additional 34,188 shares during the last quarter. Institutional investors and hedge funds own 7.24% of the company’s stock.

Gabelli Equity Trust Stock Up 0.9%

Shares of Gabelli Equity Trust stock opened at $6.15 on Thursday. The stock has a 50 day moving average price of $6.04 and a two-hundred day moving average price of $5.76. Gabelli Equity Trust Inc. has a 12-month low of $4.50 and a 12-month high of $6.32.

Gabelli Equity Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 9.8%.

About Gabelli Equity Trust

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.