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Gabelli Equity Trust Closed Fund stock has reached a 52-week high, hitting a price of 5.95 USD. This milestone reflects a notable performance, with the stock delivering a 21.85% return over the past year and an impressive 16.3% gain year-to-date. With a market capitalization of $1.83 billion and a substantial 10.12% dividend yield, the fund has maintained dividend payments for an impressive 39 consecutive years, according to InvestingPro data. The fund, which is known for its diversified portfolio and focus on equity investments, has shown resilience and growth, contributing to this upward trajectory. Trading at a P/E ratio of 9.67, investors may view this 52-week high as an indicator of the fund’s robust market position and potential for future growth. InvestingPro analysis reveals several more key insights about the fund’s financial health and growth prospects - unlock these exclusive insights with an InvestingPro subscription.
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