Valley Brook Capital Group Inc. Has $532,000 Stock Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

Valley Brook Capital Group Inc. lowered its holdings in The Gabelli Equity Trust Inc. (NYSE:GAB) by 4.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,836 shares of the financial services provider’s stock after selling 4,750 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in The Gabelli Equity Trust were worth $532,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Shaker Financial Services LLC grew its holdings in shares of The Gabelli Equity Trust by 413.3% during the 3rd quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock worth $3,583,000 after purchasing an additional 525,502 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Gabelli Equity Trust by 77.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,379 shares of the financial services provider’s stock worth $853,000 after purchasing an additional 67,889 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of The Gabelli Equity Trust during the 3rd quarter worth approximately $648,000. HighTower Advisors LLC grew its holdings in shares of The Gabelli Equity Trust by 13.3% during the 3rd quarter. HighTower Advisors LLC now owns 84,531 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 9,914 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of The Gabelli Equity Trust during the 4th quarter worth approximately $569,000. Institutional investors and hedge funds own 7.24% of the company’s stock.

The Gabelli Equity Trust Price Performance

Shares of NYSE:GAB opened at $5.55 on Wednesday. The Gabelli Equity Trust Inc. has a 1-year low of $5.09 and a 1-year high of $5.85. The business’s 50 day moving average is $5.52 and its 200-day moving average is $5.49.

The Gabelli Equity Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.82%. 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.