Ameriprise Financial Inc. Has $621,000 Position in Gabelli Equity Trust, Inc. (The) (GAB)

Ameriprise Financial Inc. boosted its stake in shares of Gabelli Equity Trust, Inc. (The) (NYSE:GAB) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,483 shares of the financial services provider’s stock after purchasing an additional 4,910 shares during the quarter. Ameriprise Financial Inc.’s holdings in Gabelli Equity Trust, Inc. (The) were worth $621,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its position in Gabelli Equity Trust, Inc. (The) by 5.0% during the 2nd quarter. Raymond James Trust N.A. now owns 63,184 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 3,000 shares during the period. Wedbush Securities Inc. boosted its position in Gabelli Equity Trust, Inc. (The) by 1.4% during the 2nd quarter. Wedbush Securities Inc. now owns 281,271 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 3,781 shares during the period. Janney Montgomery Scott LLC boosted its position in Gabelli Equity Trust, Inc. (The) by 24.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 19,612 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 3,906 shares during the period. IFC Holdings Incorporated FL boosted its position in Gabelli Equity Trust, Inc. (The) by 1.9% during the 2nd quarter. IFC Holdings Incorporated FL now owns 636,591 shares of the financial services provider’s stock worth $3,936,000 after acquiring an additional 12,034 shares during the period. Finally, Kelman Lazarov Inc. acquired a new position in Gabelli Equity Trust, Inc. (The) during the 2nd quarter worth $103,000. Institutional investors and hedge funds own 5.86% of the company’s stock.

Gabelli Equity Trust, Inc. (NYSE:GAB) opened at $6.01 on Friday. Gabelli Equity Trust, Inc. has a 12-month low of $5.29 and a 12-month high of $6.59.

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About Gabelli Equity Trust, Inc. (The)

The Gabelli Equity Trust Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary objective is to achieve long term growth of capital with income as a secondary objective. The Fund will invest at least 80% of its assets in equity securities under normal market conditions.

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

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