Ifc Holdings Incorporatedfl buys $3,605,139 stake in Gabelli Equity Trust Inc (GAB)

Gabelli Equity Trust Inc (GAB) : Ifc Holdings Incorporatedfl scooped up 23,378 additional shares in Gabelli Equity Trust Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 635,827 shares of Gabelli Equity Trust Inc which is valued at $3,605,139.Gabelli Equity Trust Inc makes up approximately 0.40% of Ifc Holdings Incorporatedfl’s portfolio.

Other Hedge Funds, Including , Community Financial Services Group added GAB to its portfolio by purchasing 10,247 company shares during the most recent quarter which is valued at $58,100. Gabelli Equity Trust Inc makes up approx 0.03% of Community Financial Services Group’s portfolio.Hollencrest Securities reduced its stake in GAB by selling 739 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 284,760 shares of GAB which is valued at $1,594,656. Gabelli Equity Trust Inc makes up approx 0.25% of Hollencrest Securities’s portfolio.Next Financial Group Inc boosted its stake in GAB in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 19,906 shares of Gabelli Equity Trust Inc which is valued at $111,474. Gabelli Equity Trust Inc makes up approx 0.03% of Next Financial Group Inc’s portfolio. Iowa State Bank added GAB to its portfolio by purchasing 1,476 company shares during the most recent quarter which is valued at $8,266.

Gabelli Equity Trust Inc closed down -0.01 points or -0.18% at $5.7 with 3,51,938 shares getting traded on Monday. Post opening the session at $5.73, the shares hit an intraday low of $5.68 and an intraday high of $5.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Gabelli Equity Trust Inc. (the Fund) is a United States-based non-diversified closed-end management investment fund. The Fund’s primary objective is long term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in securities under normal market conditions. The Fund engages in various portfolio investment strategies by investing in a number of derivative financial instruments for the purposes of increasing the income of the Fund hedging against changes in the value of its portfolio securities and in the value of securities it intends to purchase or hedging against a specific transaction with respect to either the currency in which the transaction is denominated or another currency. The Fund’s portfolio of sectors includes food and beverage financial services cable and satellite entertainment and equipment and supplies. Its holdings include Rollins Inc. and DIRECTV among others. The Fund’s investment advisor is Gabelli Funds LLC.

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