The Gabelli Equity Trust Inc is a closed ended equity mutual fund launched by GAMCO Investors Inc The fund is managed by Gabelli Funds LLC It invests in public equity markets of the United States The fund seeks to invest in stocks of companies operating across diversified sectors It invests in preferred stock convertible or exchangeable securities and warrants and rights The fund primarily invests in value stocks of companies across market capitalizations It employs fundamental analysis with a bottomup stock picking approach to create its portfolio The fund seeks to benchmarks the performance of its portfolio against the SP 500 Index Dow Jones Industrial Average and Nasdaq Composite Index The Gabelli Equity Trust Inc was formed on August 21 1986 and is domiciled in the United States