China smartphone shipments slumped in June on inventory overhang: Jefferies
In a notable performance within the investment community, the Gabelli Equity Trust Closed Fund (GAB) stock has reached a 52-week high, trading at $5.85, with a substantial market capitalization of $1.8 billion. According to InvestingPro data, the fund offers an attractive dividend yield of 10.36%. This peak reflects a robust period for the fund, which has delivered an impressive year-to-date return of 10.64% and a one-year total return of 15.79%. Investors have shown increased confidence in the fund’s strategy and management, propelling the stock to this new high at an attractive P/E ratio of 9.57. The milestone is significant, as it encapsulates the fund’s resilience and growth potential amidst fluctuating market conditions. InvestingPro subscribers can access additional insights and metrics to better evaluate this fund’s potential.
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