Gabelli Equity Trust (GAB) Position Boosted by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Gabelli Equity Trust (NYSE:GAB) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,769 shares of the financial services provider’s stock after acquiring an additional 12,086 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Gabelli Equity Trust were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MML Investors Services LLC boosted its holdings in Gabelli Equity Trust by 8.1% during the 4th quarter. MML Investors Services LLC now owns 115,715 shares of the financial services provider’s stock valued at $716,000 after acquiring an additional 8,642 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Gabelli Equity Trust by 5.1% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 187,376 shares of the financial services provider’s stock valued at $1,160,000 after acquiring an additional 9,151 shares during the period. Eqis Capital Management Inc. boosted its holdings in Gabelli Equity Trust by 90.8% during the 4th quarter. Eqis Capital Management Inc. now owns 20,659 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 9,831 shares during the period. Stockman Wealth Management Inc. boosted its holdings in Gabelli Equity Trust by 56.8% during the 4th quarter. Stockman Wealth Management Inc. now owns 28,229 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 10,229 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in Gabelli Equity Trust by 97.9% during the 4th quarter. Guggenheim Capital LLC now owns 26,691 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 13,201 shares during the period. Institutional investors own 11.21% of the company’s stock.

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GAB opened at $6.04 on Monday. Gabelli Equity Trust has a 52-week low of $5.87 and a 52-week high of $6.65.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend was Wednesday, March 14th.

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Gabelli Equity Trust Company 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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