Trust Co. of Vermont Invests $85,000 in The Gabelli Utility Trust $GUT

Trust Co. of Vermont purchased a new stake in shares of The Gabelli Utility Trust (NYSE:GUT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,674 shares of the investment management company’s stock, valued at approximately $85,000.

Other hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its position in shares of The Gabelli Utility Trust by 24.0% during the first quarter. Stratos Wealth Partners LTD. now owns 16,420 shares of the investment management company’s stock valued at $88,000 after buying an additional 3,180 shares during the last quarter. Private Advisor Group LLC raised its position in The Gabelli Utility Trust by 18.4% in the 1st quarter. Private Advisor Group LLC now owns 24,973 shares of the investment management company’s stock worth $133,000 after buying an additional 3,887 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in The Gabelli Utility Trust by 7.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 66,288 shares of the investment management company’s stock valued at $390,000 after acquiring an additional 4,715 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of The Gabelli Utility Trust by 4.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 138,593 shares of the investment management company’s stock valued at $804,000 after acquiring an additional 5,770 shares during the last quarter. Finally, Motco boosted its holdings in shares of The Gabelli Utility Trust by 96.2% during the 1st quarter. Motco now owns 14,277 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 7,000 shares during the last quarter.

The Gabelli Utility Trust Trading Down 0.5%

Shares of GUT stock opened at $6.02 on Friday. The company has a 50 day moving average price of $6.01 and a 200-day moving average price of $5.68. The Gabelli Utility Trust has a 52 week low of $4.71 and a 52 week high of $6.20.

The Gabelli Utility Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

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.