B. Riley Wealth Advisors Inc. Sells 46,303 Shares of The Gabelli Equity Trust Inc. (NYSE:GAB)

B. Riley Wealth Advisors Inc. decreased its position in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 72.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,232 shares of the financial services provider’s stock after selling 46,303 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in The Gabelli Equity Trust were worth $94,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Concourse Financial Group Securities Inc. grew its holdings in shares of The Gabelli Equity Trust by 252.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,000 shares of the financial services provider’s stock valued at $31,000 after buying an additional 4,300 shares during the period. Rothschild Investment LLC acquired a new position in The Gabelli Equity Trust in the second quarter valued at about $31,000. CNB Bank acquired a new stake in shares of The Gabelli Equity Trust during the third quarter worth about $38,000. Triton Wealth Management PLLC bought a new position in shares of The Gabelli Equity Trust during the 3rd quarter valued at about $60,000. Finally, Kapstone Financial Advisors LLC acquired a new position in shares of The Gabelli Equity Trust in the 2nd quarter valued at approximately $61,000. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Price Performance

NYSE GAB opened at $5.50 on Monday. The Gabelli Equity Trust Inc. has a 52-week low of $4.96 and a 52-week high of $5.85. The business has a 50 day simple moving average of $5.57 and a 200 day simple moving average of $5.45.

The Gabelli Equity Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date of this dividend was Friday, December 13th.

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.