The Gabelli Equity Trust Inc. (GAB)
The Gabelli Equity Trust Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Rye, NY, US. The stock last traded at $5.32, up 0.95% on the session, giving a market capitalisation of $1.66B. On trailing twelve-month figures it carries a trailing P/E of 4.47, a net margin of 197.7%. Its beta of 0.74 implies it has historically moved less than the broad market.
The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.
The Gabelli Equity Trust Inc. is most often compared with the following Financial Services names: