Gabelli Equity Trust Inc Stock in 2019 Q1 Driven by Institutional Investors

Sentiment for Gabelli Equity Trust Inc (NYSE:GAB)

Gabelli Equity Trust Inc (NYSE:GAB) institutional sentiment increased to 1.07 in 2019 Q1. Its up 0.26, from 0.81 in 2018Q4. The ratio has increased, as 31 institutional investors increased and started new positions, while 29 reduced and sold positions in Gabelli Equity Trust Inc. The institutional investors in our partner’s database reported: 12.98 million shares, down from 14.25 million shares in 2018Q4. Also, the number of institutional investors holding Gabelli Equity Trust Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 20 Increased: 23 New Position: 8.

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The company has market cap of $1.56 billion. The fund is managed by Gabelli Funds, LLC. It currently has negative earnings. It invests in public equity markets of the United States.

It closed at $6.17 lastly. It is down 2.39% since July 14, 2018 and is downtrending. It has underperformed by 6.82% the S&P500.

Pecaut & Co. holds 1.25% of its portfolio in The Gabelli Equity Trust Inc. for 293,568 shares. Philadelphia Trust Co owns 936,454 shares or 0.51% of their US portfolio. Moreover, Ota Financial Group L.P. has 0.39% invested in the company for 41,557 shares. The Pennsylvania-based West Chester Capital Advisors Inc has invested 0.22% in the stock. Hollencrest Capital Management, a California-based fund reported 203,406 shares.

More notable recent The Gabelli Equity Trust Inc. (NYSE:GAB) news were published by: Finance.Yahoo.com which released: “New Policy Highlights Headwind for Twitter Stock – Yahoo Finance” on September 28, 2018, also Seekingalpha.com with their article: “Defining Dangerous Preferred Stocks – Seeking Alpha” published on October 23, 2017, Seekingalpha.com published: “Weekly Closed-End Fund Roundup: PIMCO Re-Rating – Seeking Alpha” on December 03, 2018. More interesting news about The Gabelli Equity Trust Inc. (NYSE:GAB) were released by: Seekingalpha.com and their article: “The GDL Fund: This 4.00% Preferred Stock Started Trading On The NYSE – Seeking Alpha” published on March 27, 2018 as well as Seekingalpha.com‘s news article titled: “Closed End Funds Vs. ETFs, Which Is Better For You? – Seeking Alpha” with publication date: January 23, 2015.

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