Accel Wealth Management Has $1.83 Million Stake in Gabelli Equity Trust Inc. $GAB

Accel Wealth Management lowered its position in shares of Gabelli Equity Trust Inc. (NYSE:GAB) by 52.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,540 shares of the financial services provider’s stock after selling 358,882 shares during the quarter. Accel Wealth Management’s holdings in Gabelli Equity Trust were worth $1,831,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC raised its position in shares of Gabelli Equity Trust by 75.8% in the 4th quarter. Kestra Advisory Services LLC now owns 456,226 shares of the financial services provider’s stock worth $2,815,000 after acquiring an additional 196,659 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Gabelli Equity Trust by 541.0% in the 4th quarter. Jane Street Group LLC now owns 187,620 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 158,348 shares during the period. Truist Financial Corp lifted its stake in shares of Gabelli Equity Trust by 722.6% in the 4th quarter. Truist Financial Corp now owns 172,371 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 151,416 shares during the period. Bank of America Corp DE boosted its position in shares of Gabelli Equity Trust by 18.8% during the 3rd quarter. Bank of America Corp DE now owns 631,227 shares of the financial services provider’s stock valued at $3,844,000 after purchasing an additional 99,912 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Gabelli Equity Trust by 2.1% during the 4th quarter. LPL Financial LLC now owns 4,462,497 shares of the financial services provider’s stock valued at $27,534,000 after purchasing an additional 93,789 shares in the last quarter. 7.24% of the stock is currently owned by institutional investors and hedge funds.

Gabelli Equity Trust Stock Up 0.1%

NYSE GAB opened at $5.75 on Wednesday. The business has a 50 day simple moving average of $5.62 and a 200 day simple moving average of $5.73. Gabelli Equity Trust Inc. has a one year low of $5.28 and a one year high of $6.37.

Gabelli Equity Trust Profile

Gabelli Equity Trust, Inc (NYSE: GAB) is a closed-end management investment company focused on generating long-term capital appreciation through an actively managed portfolio of primarily U.S.-listed equity securities. Incorporated in Delaware, the Trust pursues a value-oriented approach, leveraging intensive fundamental research to identify small- and mid-cap companies with growth potential and favorable valuation metrics.

Since its initial public offering in 1977, the Trust has invested across a range of sectors, including consumer staples, financial services, industrials and technology, aiming to construct a high-conviction portfolio of companies expected to outperform over time.