G
Gabelli Equity Trust GAB
$5.37
−0.19%
Nov 13
1W
1M
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6M
1Y
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5Y
Activities
Earnings release
The day the company publishes its quarterly accounts: revenue, profit, and often its outlook. The price sometimes moves sharply that day, in either direction. Over the long term, what matters is the trend of profits from one quarter to the next, not the reaction of the day.
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About The Gabelli Equity Trust Inc.
The Gabelli Equity Trust is a closed-end fund listed on the NYSE, run by Gabelli Funds, LLC. It invests at least 80% of its assets in stocks across many industries, seeking long-term growth with income as a second goal. It earns no sales: shareholders gain from the holdings' value and from quarterly payouts, while the adviser charges a 1.00% annual fee. The fund also uses preferred shares to borrow, which magnifies gains and losses.