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

Evernest Financial Advisors LLC trimmed its holdings in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in The Gabelli Equity Trust by 466.5% in the third quarter. International Assets Investment Management LLC now owns 2,301,030 shares of the financial services provider’s stock valued at $12,633,000 after acquiring an additional 1,894,854 shares during the last quarter. Shaker Financial Services LLC lifted its stake in The Gabelli Equity Trust by 413.3% in the 3rd quarter. Shaker Financial Services LLC now owns 652,653 shares of the financial services provider’s stock valued at $3,583,000 after purchasing an additional 525,502 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in The Gabelli Equity Trust during the third quarter worth about $648,000. Kera Capital Partners Inc. acquired a new position in The Gabelli Equity Trust during the fourth quarter worth approximately $569,000. Finally, Wolverine Asset Management LLC raised its stake in The Gabelli Equity Trust by 435.6% in the third quarter. Wolverine Asset Management LLC now owns 121,044 shares of the financial services provider’s stock valued at $665,000 after buying an additional 98,444 shares during the period. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Stock Up 0.6 %

GAB opened at $5.58 on Friday. The Gabelli Equity Trust Inc. has a 12-month low of $5.09 and a 12-month high of $5.85. The business has a 50 day moving average of $5.55 and a 200-day moving average of $5.48.

The Gabelli Equity Trust Dividend Announcement

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

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.