Stock market today: S&P 500 rides Apple-led tech rally to close higher
Gabelli Equity Trust Closed Fund stock reached a new 52-week high, trading at $5.91, with an impressive dividend yield of 10.17%. According to InvestingPro data, the fund has maintained dividend payments for 39 consecutive years. This milestone reflects the company’s strong performance, with a total return of 23.52% over the past year and 15.71% year-to-date. The rise to this 52-week high indicates positive investor sentiment and confidence in the fund’s management and future prospects, supported by an attractive P/E ratio of 9.62 and an overall "GREAT" financial health score from InvestingPro. The steady growth over the past year highlights the fund’s resilience and ability to navigate market fluctuations, with a beta of 0.86 indicating lower volatility than the broader market, positioning it favorably within the investment community.
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