Oliver Luxxe Assets adds Gabelli Equity Trust Inc (GAB) to its portfolio

Gabelli Equity Trust Inc (GAB) : Oliver Luxxe Assets added new position in Gabelli Equity Trust Inc during the most recent quarter end. The investment management firm now holds 14,213 shares of Gabelli Equity Trust Inc which is valued at $78,598 , the company said in a statement filed on Oct 7, 2016 with the SEC.Gabelli Equity Trust Inc makes up approximately 0.06% of Oliver Luxxe Assets’s portfolio.

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Gabelli Equity Trust Inc closed down -0.02 points or -0.36% at $5.53 with 1,34,377 shares getting traded on Friday. Post opening the session at $5.56, the shares hit an intraday low of $5.53 and an intraday high of $5.56 and the price fluctuated in this range throughout the day.Shares ended Friday 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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