The Gabelli Utility Trust $GUT Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in The Gabelli Utility Trust (NYSE:GUT) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 94,631 shares of the investment management company’s stock after acquiring an additional 2,819 shares during the quarter. International Assets Investment Management LLC’s holdings in The Gabelli Utility Trust were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of The Gabelli Utility Trust by 1.0% in the 1st quarter. LPL Financial LLC now owns 958,433 shares of the investment management company’s stock valued at $5,118,000 after purchasing an additional 9,819 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in The Gabelli Utility Trust by 64.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 201,210 shares of the investment management company’s stock worth $1,074,000 after acquiring an additional 78,894 shares during the period. Janney Montgomery Scott LLC raised its position in The Gabelli Utility Trust by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 138,593 shares of the investment management company’s stock worth $804,000 after acquiring an additional 5,770 shares during the period. MAS Advisors LLC raised its position in The Gabelli Utility Trust by 3.4% during the second quarter. MAS Advisors LLC now owns 67,591 shares of the investment management company’s stock worth $392,000 after acquiring an additional 2,248 shares during the period. Finally, Balefire LLC raised its position in The Gabelli Utility Trust by 13.6% during the second quarter. Balefire LLC now owns 67,574 shares of the investment management company’s stock worth $392,000 after acquiring an additional 8,101 shares during the period.

The Gabelli Utility Trust Stock Performance

NYSE:GUT opened at $5.79 on Wednesday. The company has a fifty day moving average of $5.99 and a two-hundred day moving average of $5.75. The Gabelli Utility Trust has a fifty-two week low of $4.71 and a fifty-two week high of $6.20.

The Gabelli Utility Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be given 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 10.4%.

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.