Gabelli Equity Trust
About: Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is the long-term growth of capital with income as a secondary objective. The Fund invests at least its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, Consumer Services and others.
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
49% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 39
4% more funds holding
Funds holding: 178 [Q2] → 185 (+7) [Q3]
0.15% less ownership
Funds ownership: 8.53% [Q2] → 8.38% (-0.15%) [Q3]
6% less capital invested
Capital invested by funds: $129M [Q2] → $122M (-$7.47M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for GAB.