The Gabelli Utility Trust (GUT) to Distribute Monthly Dividend of $0.05 on February 19th

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Wednesday, November 11th. Shareholders of record on Thursday, February 11th will be given a dividend of $0.05 per share by the investment management company on Friday, February 19th. This represents a $0.60 annualized dividend and a yield of 11.3%. The ex-dividend date is Thursday, February 11th.

The Gabelli Utility Trust Stock Performance

NYSE GUT opened at $5.33 on Friday. The company has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $6.13. The Gabelli Utility Trust has a 12-month low of $5.03 and a 12-month high of $7.07.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently modified their holdings of GUT. Rollins Financial Advisors LLC purchased a new stake in The Gabelli Utility Trust during the 3rd quarter valued at about $63,000. Turner Financial Group Inc. bought a new position in The Gabelli Utility Trust during the 2nd quarter worth approximately $74,000. Herold Advisors Inc. grew its position in The Gabelli Utility Trust by 35.7% during the 3rd quarter. Herold Advisors Inc. now owns 15,212 shares of the investment management company’s stock worth $87,000 after acquiring an additional 4,000 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in The Gabelli Utility Trust in the 2nd quarter worth approximately $89,000. Finally, Dynamic Advisor Solutions LLC increased its stake in The Gabelli Utility Trust by 8.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 21,111 shares of the investment management company’s stock worth $139,000 after purchasing an additional 1,729 shares during the period.

The Gabelli Utility Trust Company Profile

The Gabelli Utility Trust (NYSE: GUT) is a diversified closed-end management investment company that seeks to provide investors with a high level of current income and long-term capital appreciation. The trust invests primarily in equity securities of companies involved in the production, transmission, distribution and sale of electricity, gas and other utility services. Its investment focus may also include businesses in related industries, such as telecommunications, cable, energy and infrastructure.