The Gabelli Utility Trust (NYSE:GUT) Position Lessened by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 84.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,979 shares of the investment management company’s stock after selling 61,769 shares during the quarter. Wolverine Asset Management LLC’s holdings in The Gabelli Utility Trust were worth $55,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GUT. Pure Financial Advisors LLC bought a new position in The Gabelli Utility Trust during the third quarter valued at about $78,000. Arlington Capital Management Inc. bought a new position in The Gabelli Utility Trust during the third quarter valued at about $286,000. Nations Financial Group Inc. IA ADV raised its holdings in The Gabelli Utility Trust by 4.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,124 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in The Gabelli Utility Trust by 95.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock valued at $465,000 after buying an additional 43,574 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in The Gabelli Utility Trust by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock valued at $663,000 after buying an additional 3,075 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

NYSE GUT opened at $5.39 on Tuesday. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two week high of $6.25. The stock’s 50-day moving average is $5.35 and its two-hundred day moving average is $5.40.

The Gabelli Utility Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, June 13th. This represents a $0.60 annualized dividend and a yield of 11.14%.

The Gabelli Utility Trust Company 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.