The Gabelli Equity Trust Inc. (NYSE:GAB – Get Rating)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.51 and traded as high as $5.95. The Gabelli Equity Trust shares last traded at $5.92, with a volume of 293,025 shares changing hands.
The Gabelli Equity Trust Price Performance
The firm’s fifty day moving average price is $5.51 and its 200 day moving average price is $6.04.
The Gabelli Equity Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 9th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.60 annualized dividend and a dividend yield of 10.14%.
Institutional Inflows and Outflows
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.
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