B. Riley Wealth Advisors Inc. Has $94,000 Stock Holdings in The Gabelli Equity Trust Inc. (NYSE:GAB)

B. Riley Wealth Advisors Inc. decreased its stake in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) by 72.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,232 shares of the financial services provider’s stock after selling 46,303 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in The Gabelli Equity Trust were worth $94,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFG Investments LLC increased its holdings in The Gabelli Equity Trust by 2.3% during the third quarter. PFG Investments LLC now owns 83,651 shares of the financial services provider’s stock worth $459,000 after buying an additional 1,869 shares during the last quarter. Magnus Financial Group LLC grew its position in shares of The Gabelli Equity Trust by 2.7% in the 2nd quarter. Magnus Financial Group LLC now owns 78,166 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 2,063 shares during the period. Evernest Financial Advisors LLC increased its stake in shares of The Gabelli Equity Trust by 2.8% during the 3rd quarter. Evernest Financial Advisors LLC now owns 99,398 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 2,663 shares during the last quarter. IFG Advisory LLC raised its holdings in shares of The Gabelli Equity Trust by 11.7% in the 2nd quarter. IFG Advisory LLC now owns 31,486 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 3,300 shares during the period. Finally, Concourse Financial Group Securities Inc. lifted its stake in The Gabelli Equity Trust by 252.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,000 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 7.24% of the company’s stock.

The Gabelli Equity Trust Trading Up 2.6 %

The Gabelli Equity Trust stock opened at $5.50 on Monday. The stock has a 50-day simple moving average of $5.57 and a 200 day simple moving average of $5.45. The Gabelli Equity Trust Inc. has a 52 week low of $4.96 and a 52 week high of $5.85.

The Gabelli Equity Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date of this dividend was Friday, December 13th.

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.