Lumature Wealth Partners LLC Makes New Investment in The Gabelli Equity Trust Inc. (NYSE:GAB)

Lumature Wealth Partners LLC purchased a new position in The Gabelli Equity Trust Inc. (NYSE:GAB) during the fourth quarter, Holdings Channel reports. The fund purchased 20,184 shares of the financial services provider’s stock, valued at approximately $127,000.

A number of other institutional investors also recently made changes to their positions in the business. Marks Group Wealth Management Inc grew its position in shares of The Gabelli Equity Trust by 99.6% in the 4th quarter. Marks Group Wealth Management Inc now owns 236,140 shares of the financial services provider’s stock worth $1,481,000 after buying an additional 117,840 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of The Gabelli Equity Trust during the fourth quarter valued at approximately $241,000. RDA Financial Network bought a new stake in shares of The Gabelli Equity Trust during the fourth quarter valued at approximately $77,000. NEXT Financial Group Inc boosted its position in shares of The Gabelli Equity Trust by 118.1% during the fourth quarter. NEXT Financial Group Inc now owns 9,365 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 5,072 shares in the last quarter. Finally, West Chester Capital Advisors Inc. bought a new stake in shares of The Gabelli Equity Trust during the fourth quarter valued at approximately $189,000. 5.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE GAB opened at $6.48 on Tuesday. The stock’s 50 day moving average is $6.33 and its 200 day moving average is $5.86. The Gabelli Equity Trust Inc. has a twelve month low of $2.89 and a twelve month high of $6.84.

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.

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Want to see what other hedge funds are holding GAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Equity Trust Inc. (NYSE:GAB).

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

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