OTA Financial Group L.P. Buys Shares of 855,399 Gabelli Equity Trust Inc (GAB)

OTA Financial Group L.P. bought a new stake in shares of Gabelli Equity Trust Inc (NYSE:GAB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 855,399 shares of the financial services provider’s stock, valued at approximately $5,294,000. Gabelli Equity Trust comprises approximately 2.1% of OTA Financial Group L.P.’s portfolio, making the stock its 10th largest holding. OTA Financial Group L.P. owned approximately 0.36% of Gabelli Equity Trust at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Gabelli Equity Trust by 231.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,955,806 shares of the financial services provider’s stock valued at $12,106,000 after buying an additional 1,366,266 shares during the period. First Allied Advisory Services Inc. grew its holdings in shares of Gabelli Equity Trust by 1,237.3% in the 4th quarter. First Allied Advisory Services Inc. now owns 1,889,864 shares of the financial services provider’s stock valued at $11,709,000 after buying an additional 1,748,548 shares during the period. City of London Investment Management Co. Ltd. grew its holdings in shares of Gabelli Equity Trust by 13,465.6% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 1,821,728 shares of the financial services provider’s stock valued at $11,267,000 after buying an additional 1,808,299 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Gabelli Equity Trust by 17.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 849,688 shares of the financial services provider’s stock valued at $5,260,000 after buying an additional 127,159 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Gabelli Equity Trust by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 307,184 shares of the financial services provider’s stock valued at $1,901,000 after buying an additional 18,977 shares during the period. Institutional investors own 11.19% of the company’s stock.

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Gabelli Equity Trust Inc (GAB) opened at $6.13 on Friday. Gabelli Equity Trust Inc has a fifty-two week low of $5.81 and a fifty-two week high of $6.65.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.79%. The ex-dividend date was Wednesday, March 14th.

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Gabelli Equity Trust Profile

The Gabelli Equity Trust Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to achieve long term growth of capital with income as a secondary objective. The Fund will invest at least 80% of its assets in equity securities under normal market conditions.

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Institutional Ownership by Quarter for Gabelli Equity Trust (NYSE:GAB)

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