Atria Wealth Solutions Inc. Lowers Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

Atria Wealth Solutions Inc. decreased its holdings in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 9.8% during the fourth quarter, HoldingsChannel reports. The firm owned 118,592 shares of the financial services provider’s stock after selling 12,919 shares during the period. Atria Wealth Solutions Inc.’s holdings in The Gabelli Equity Trust were worth $602,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in The Gabelli Equity Trust during the fourth quarter worth $1,050,000. J.W. Cole Advisors Inc. lifted its stake in shares of The Gabelli Equity Trust by 90.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 19,675 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 9,366 shares during the last quarter. Flputnam Investment Management Co. bought a new stake in The Gabelli Equity Trust during the fourth quarter valued at about $85,000. Valeo Financial Advisors LLC bought a new stake in The Gabelli Equity Trust during the fourth quarter valued at about $75,000. Finally, Cerity Partners LLC raised its holdings in The Gabelli Equity Trust by 21.4% in the fourth quarter. Cerity Partners LLC now owns 14,979 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,641 shares in the last quarter. Institutional investors own 7.24% of the company’s stock.

Insider Transactions at The Gabelli Equity Trust

In other The Gabelli Equity Trust news, insider Mario J. Gabelli acquired 10,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was purchased at an average price of $100.00 per share, with a total value of $1,000,000.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,000,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

The Gabelli Equity Trust Stock Performance

NYSE:GAB opened at $5.35 on Friday. The company’s 50-day simple moving average is $5.41 and its 200-day simple moving average is $5.19. The Gabelli Equity Trust Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $5.88.

The Gabelli Equity Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.60 annualized dividend and a yield of 11.21%.

The Gabelli Equity Trust Profile

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.