Insider Buying: Gabelli Equity Trust Director Buys 33,250 Shares of Stock (GAB)
Gabelli Equity Trust (NYSE:GAB) Director William F. Heitmann bought 33,250 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of $7.53 per share, for a total transaction of $250,372.50. Following the acquisition, the director now directly owns 33,250 shares of the company’s stock, valued at approximately $250,373. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Gabelli Equity Trust (NYSE:GAB) traded down 0.40% on Friday, hitting $7.4301. The stock had a trading volume of 106,504 shares. Gabelli Equity Trust has a 1-year low of $6.53 and a 1-year high of $8.10. The stock has a 50-day moving average of $7.3 and a 200-day moving average of $7.5.
The Gabelli Equity Trust Inc (NYSE:GAB) is a non-diversified, closed-end management investment company.
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