GAB icon

Gabelli Equity Trust

5.50 USD
+0.14
2.61%
At close Dec 20, 4:00 PM EST
1 day
2.61%
5 days
-1.26%
1 month
-1.08%
3 months
0.00%
6 months
4.76%
Year to date
8.91%
1 year
10.44%
5 years
-10.57%
10 years
-18.40%
 

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.

0
Funds holding %
of 6,809 funds
Analysts bullish %

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.

Financial journalist opinion

Neutral
GlobeNewsWire
1 month ago
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on December 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.60 per share.
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
Neutral
Seeking Alpha
1 month ago
GAB: Risks Abound For This Underperforming Equity CEF
The Gabelli Equity Trust offers a high 10.68% yield but has underperformed the S&P 500 and its peers over the past five years. The GAB closed-end fund's high yield raises concerns about potential distribution cuts, especially given its reliance on unrealized capital gains. Despite its attractive yield, the fund's higher expenses and leverage, coupled with poor performance, make it less appealing than its peers.
GAB: Risks Abound For This Underperforming Equity CEF
Neutral
GlobeNewsWire
3 months ago
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on September 23, 2024 to common stock shareholders of record on September 16, 2024.
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
Positive
Seeking Alpha
5 months ago
GAB: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)
Gabelli Equity Trust was undervalued ten months ago and has outperformed since. Current market conditions with stretched valuations make it a hold rather than a buy. GAB has shifted towards mid-cap stocks with a lower P/E ratio compared to the S&P 500. While the fund has benefited from recent rallies in the financial sector, this is seen as a temporary trend. The fund's value tilt is also a positive.
GAB: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)
Positive
Forbes
5 months ago
This Huge 11% Dividend Is Perfect For This ‘Naysayer's Market'
There are three very clear signs the stock-market bull will keep stampeding. Let's dive into them, then talk about two discounted funds set to ride those gains (and pay us rich dividends up to 11.4% in the process).
This Huge 11% Dividend Is Perfect For This ‘Naysayer's Market'
Neutral
GlobeNewsWire
7 months ago
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share
RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 21, 2024 to common stock shareholders of record on June 13, 2024.
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share
Positive
Seeking Alpha
7 months ago
GAB: Managed Minimum 10% Distribution Rate Out Of Equities
GAB is currently trading at a slight discount, making it a more attractive candidate than our previous update. More patient investors could still yet be likely to look for a deeper discount on this fund to make it a more enticing prospect. GAB has a minimum 10% managed distribution policy, which is the main draw for income investors.
GAB: Managed Minimum 10% Distribution Rate Out Of Equities
Neutral
GlobeNewsWire
10 months ago
Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share
RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 21, 2024 to common stock shareholders of record on March 14, 2024.
Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share
Neutral
GlobeNewsWire
1 year ago
Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock
RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has extended the expiration date of the tender offer (the “Offer”) for all of the Fund's outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”) to January 5, 2024.
Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock
Neutral
GlobeNewsWire
1 year ago
Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock
RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has authorized a tender offer (the “Offer”) for all of the Fund's outstanding Series C Auction Rate Cumulative Preferred Stock and Series E Auction Rate Cumulative Preferred Stock (the “Preferred Stock”).
Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock
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