72,748 Shares in The Gabelli Utility Trust (NYSE:GUT) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new stake in shares of The Gabelli Utility Trust (NYSE:GUT) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 72,748 shares of the investment management company’s stock, valued at approximately $378,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arlington Capital Management Inc. acquired a new position in shares of The Gabelli Utility Trust during the 3rd quarter worth about $286,000. Pure Financial Advisors LLC bought a new stake in shares of The Gabelli Utility Trust in the third quarter valued at approximately $78,000. Aristides Capital LLC bought a new position in The Gabelli Utility Trust during the second quarter worth $853,000. Northwestern Mutual Wealth Management Co. raised its stake in The Gabelli Utility Trust by 601.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 5,030 shares during the last quarter. Finally, MAS Advisors LLC boosted its holdings in The Gabelli Utility Trust by 3.3% in the 2nd quarter. MAS Advisors LLC now owns 107,533 shares of the investment management company’s stock valued at $637,000 after purchasing an additional 3,396 shares during the period.

The Gabelli Utility Trust Stock Performance

NYSE:GUT opened at $5.05 on Thursday. The firm’s 50-day moving average is $5.24 and its 200-day moving average is $5.75. The Gabelli Utility Trust has a 52-week low of $4.97 and a 52-week high of $6.28.

The Gabelli Utility Trust Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, October 24th. Investors of record on Friday, October 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a yield of 11.7%.

The Gabelli Utility Trust Profile

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations.