Wealth Quarterback LLC Sells 36,553 Shares of The Gabelli Utility Trust (NYSE:GUT)

Wealth Quarterback LLC decreased its stake in The Gabelli Utility Trust (NYSE:GUT) by 48.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,623 shares of the investment management company’s stock after selling 36,553 shares during the period. Wealth Quarterback LLC’s holdings in The Gabelli Utility Trust were worth $199,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC purchased a new position in shares of The Gabelli Utility Trust during the 3rd quarter valued at $78,000. Arlington Capital Management Inc. bought a new position in shares of The Gabelli Utility Trust in the third quarter valued at approximately $286,000. Wolverine Asset Management LLC bought a new stake in The Gabelli Utility Trust during the 3rd quarter worth approximately $378,000. Nations Financial Group Inc. IA ADV lifted its stake in The Gabelli Utility Trust by 4.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after purchasing an additional 2,124 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in The Gabelli Utility Trust by 95.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after purchasing an additional 43,574 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

GUT opened at $5.36 on Monday. The Gabelli Utility Trust has a one year low of $4.97 and a one year high of $6.25. The company has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.43.

The Gabelli Utility Trust Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a dividend of $0.05 per share. This represents a yield of 11.03%. The ex-dividend date of this dividend was Thursday, January 16th.

About The Gabelli Utility Trust

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.