Evernest Financial Advisors LLC Sells 6,337 Shares of The Gabelli Equity Trust Inc. (NYSE:GAB)

Evernest Financial Advisors LLC cut its holdings in The Gabelli Equity Trust Inc. (NYSE:GAB) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,061 shares of the financial services provider’s stock after selling 6,337 shares during the period. Evernest Financial Advisors LLC’s holdings in The Gabelli Equity Trust were worth $501,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its stake in The Gabelli Equity Trust by 466.5% during the third quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock worth $12,633,000 after buying an additional 1,894,854 shares in the last quarter. Shaker Financial Services LLC increased its stake in The Gabelli Equity Trust by 413.3% in the third quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock valued at $3,583,000 after acquiring an additional 525,502 shares during the last quarter. Cetera Investment Advisers raised its position in The Gabelli Equity Trust by 7.8% during the second quarter. Cetera Investment Advisers now owns 484,285 shares of the financial services provider’s stock valued at $2,518,000 after purchasing an additional 34,868 shares in the last quarter. Accel Wealth Management lifted its stake in The Gabelli Equity Trust by 6.1% during the fourth quarter. Accel Wealth Management now owns 346,036 shares of the financial services provider’s stock worth $1,862,000 after purchasing an additional 19,990 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of The Gabelli Equity Trust by 6.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 212,791 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 12,220 shares in the last quarter. 7.24% of the stock is owned by institutional investors.

The Gabelli Equity Trust Trading Up 0.6 %

Shares of GAB opened at $5.58 on Friday. The Gabelli Equity Trust Inc. has a 52-week low of $5.09 and a 52-week high of $5.85. The business’s fifty day moving average is $5.55 and its 200-day moving average is $5.48.

The Gabelli Equity Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend was Friday, December 13th.

About The 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.