The Gabelli Equity Trust Inc. (NYSE:GAB) Shares Bought by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. lifted its holdings in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,836 shares of the financial services provider’s stock after buying an additional 4,500 shares during the period. Valley Brook Capital Group Inc.’s holdings in The Gabelli Equity Trust were worth $248,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in shares of The Gabelli Equity Trust in the fourth quarter worth $1,050,000. Brookstone Capital Management grew its position in The Gabelli Equity Trust by 6.2% in the 4th quarter. Brookstone Capital Management now owns 56,284 shares of the financial services provider’s stock valued at $286,000 after buying an additional 3,302 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in The Gabelli Equity Trust by 4.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 299,849 shares of the financial services provider’s stock valued at $1,523,000 after buying an additional 11,845 shares during the period. Eagle Wealth Strategies LLC bought a new stake in shares of The Gabelli Equity Trust during the 4th quarter worth about $95,000. Finally, Capital Investment Advisors LLC acquired a new stake in shares of The Gabelli Equity Trust in the 4th quarter worth approximately $101,000. 7.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Mario J. Gabelli acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was acquired at an average price of $100.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares in the company, valued at approximately $1,000,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is owned by insiders.

The Gabelli Equity Trust Trading Up 0.4 %

Shares of The Gabelli Equity Trust stock traded up $0.02 on Friday, hitting $5.35. The company had a trading volume of 313,617 shares, compared to its average volume of 412,442. The Gabelli Equity Trust Inc. has a 52 week low of $4.56 and a 52 week high of $5.88. The business has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $5.19.

The Gabelli Equity Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.21%. The ex-dividend date was Wednesday, March 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.