Kentucky Trust Co Takes Position in The Gabelli Equity Trust Inc. (NYSE:GAB)

Kentucky Trust Co acquired a new stake in shares of The Gabelli Equity Trust Inc. (NYSE:GAB) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,400 shares of the financial services provider’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CNB Bank bought a new position in The Gabelli Equity Trust in the third quarter worth about $38,000. Aurora Private Wealth Inc. bought a new position in The Gabelli Equity Trust in the fourth quarter worth about $56,000. Strategic Financial Concepts LLC bought a new position in The Gabelli Equity Trust in the fourth quarter worth about $58,000. Meridian Wealth Management LLC bought a new position in The Gabelli Equity Trust in the third quarter worth about $75,000. Finally, Executive Wealth Management LLC bought a new position in The Gabelli Equity Trust in the third quarter worth about $82,000. 7.24% of the stock is owned by institutional investors.

The Gabelli Equity Trust Price Performance

GAB stock opened at $5.56 on Thursday. The Gabelli Equity Trust Inc. has a 1 year low of $5.09 and a 1 year high of $5.85. The firm has a 50-day moving average of $5.51 and a 200 day moving average of $5.49.

The Gabelli Equity Trust Company 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.