Intel stock spikes after report of possible US government stake
Gabelli Equity Trust stock reached a 52-week high, hitting 5.97 USD, marking a notable milestone for the closed-end fund. With a market capitalization of $1.83 billion and an attractive dividend yield of 10.08%, the fund has demonstrated strong fundamentals. According to InvestingPro data, the fund maintains a modest P/E ratio of 9.72. Over the past year, the stock has delivered an impressive total return of 25.98%, with a strong year-to-date performance of 16.69%. This upward trend reflects a period of growth and investor confidence in the fund’s performance. The achievement of the 52-week high underscores the fund’s resilience and ability to capitalize on favorable market conditions, attracting increased attention from investors seeking robust returns. InvestingPro analysis reveals several additional key metrics and insights available to subscribers, including the fund’s 39-year track record of consistent dividend payments.
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