First Allied Advisory Services Inc. lowered its stake in shares of Gabelli Equity Trust Inc (NYSE:GAB) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,740,328 shares of the financial services provider’s stock after selling 103,378 shares during the period. First Allied Advisory Services Inc. owned 0.69% of Gabelli Equity Trust worth $10,935,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Affiance Financial LLC purchased a new stake in shares of Gabelli Equity Trust during the second quarter worth $126,000. Thrivent Financial for Lutherans bought a new position in shares of Gabelli Equity Trust in the first quarter worth $137,000. Millennium Management LLC bought a new position in shares of Gabelli Equity Trust in the first quarter worth $148,000. Guggenheim Capital LLC increased its holdings in shares of Gabelli Equity Trust by 97.9% in the fourth quarter. Guggenheim Capital LLC now owns 26,691 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 13,201 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in shares of Gabelli Equity Trust by 54.7% in the second quarter. Wedbush Securities Inc. now owns 48,299 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 17,079 shares during the period. Hedge funds and other institutional investors own 9.16% of the company’s stock.

Gabelli Equity Trust stock opened at $6.50 on Monday. Gabelli Equity Trust Inc has a fifty-two week low of $5.87 and a fifty-two week high of $6.65.

About Gabelli Equity Trust

There is no company description available for Gabelli Equity Trust.

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Institutional Ownership by Quarter for Gabelli Equity Trust (NYSE:GAB)

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