Bank of America Amends Gabelli Equity Trust Preferred Share Ownership

TL;DR

**Bank of America updated its stake in Gabelli Equity Trust preferred shares.**

AI Summary

Bank of America Corp /DE/ filed an amendment (SC 13G/A) on January 31, 2024, updating its ownership in The Gabelli Equity Trust Inc.'s Preferred Shares as of December 31, 2023. This filing indicates a change in their beneficial ownership, which is important for investors as it signals how a major institutional holder views the stock. While the specific percentage change isn't detailed in the provided text, any significant adjustment by a large bank like Bank of America can influence market perception and potentially the stock's liquidity or future price movements.

Why It Matters

This filing shows Bank of America's updated stake in Gabelli Equity Trust's preferred shares, which can signal institutional sentiment and potentially impact the stock's perceived value.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a change in ownership rather than a new, high-risk event.

Analyst Insight

Investors should monitor subsequent filings from Bank of America regarding Gabelli Equity Trust to identify any significant changes in their ownership percentage, which could signal a shift in their investment thesis.

Key Numbers

• 0000070858-24-000020 — Accession Number (Unique identifier for this specific SEC filing)
• 005-84335 — SEC File Number (Identifier for The Gabelli Equity Trust Inc. with the SEC)
• 04 — Amendment Number (Indicates this is the fourth amendment to a previous Schedule 13G filing)

Key Players & Entities

• BANK OF AMERICA CORP /DE/ (company) — filer of the SC 13G/A
• GABELLI EQUITY TRUST INC (company) — subject company whose Preferred Shares are being reported
• December 31, 2023 (date) — date of event requiring the filing
• January 31, 2024 (date) — date the SC 13G/A was filed
• 362397 (number) — CUSIP number for the Preferred Shares

Forward-Looking Statements

• Bank of America's continued holding of Gabelli Equity Trust Preferred Shares suggests ongoing confidence in the issuer's stability. (BANK OF AMERICA CORP /DE/) — medium confidence, target: N/A

FAQ

Filing Documents

• doc1.htm (SC 13G/A) — 98KB
• bac_poa.htm (EX-99.1) — 9KB
• bana_jfa.htm (EX-99.2) — 3KB
• 0000070858-24-000020.txt ( ) — 112KB

From the Filing

SC 13G/A 1 doc1.htm Schedule 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 04 )* The Gabelli Equity Trust Inc. (Name of Issuer) Preferred Shares (Title of Class of Securities) 362397 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: &#8999 Rule 13d-1(b) &#9633 Rule 13d-1(c) &#9633 Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 362397 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) BANK OF AMERICA CORPORATION 56-0906609 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) &#9633 (b) &#8999 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 233 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 233 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 233 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) &#9633 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES CUSIP No. 362397 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) BANK OF AMERICA, NA 94-1687665 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) &#9633 (b) &#8999 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 233 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 233 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 233 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) &#9633 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) BK FOOTNOTES Item 1. (a) Name of Issuer The Gabelli Equity Trust Inc. (b) Address of Issuer's Principal Executive Offices ONE CORP CENTER RYE, NY 10580 Item 2. (a) Name of Person Filing BANK OF AMERICA CORPORATION (b) Address of Principal Business Office or, if none, Residence BANK OF AMERICA CORPORATE CENTER 100 NORTH TRYON STREET CHARLOTTE, NC 28255 (c) Citizenship Delaware (d) Title of Class of Securities Preferred Shares (e) CUSIP Number 362397 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) &#9633 Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) &#9633 Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) &#9633 Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) &#9633 Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) &#9633 An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) &#9633 An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) &#8999 A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) &#9633 A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) &#9633 A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) &#9633 A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) &#9633 A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 233 (b) Percent of class: 0.0 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 233 (iii) Sole power to di

View Full Filing

View this SC 13G/A filing on SEC EDGAR