Brookstone Capital Management Purchases 2,431 Shares of The Gabelli Utility Trust (NYSE:GUT)

Brookstone Capital Management grew its holdings in The Gabelli Utility Trust (NYSE:GUT) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,589 shares of the investment management company’s stock after purchasing an additional 2,431 shares during the quarter. Brookstone Capital Management’s holdings in The Gabelli Utility Trust were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. VisionPoint Advisory Group LLC boosted its stake in The Gabelli Utility Trust by 101.4% in the third quarter. VisionPoint Advisory Group LLC now owns 17,321 shares of the investment management company’s stock valued at $92,000 after acquiring an additional 8,719 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of The Gabelli Utility Trust in the 3rd quarter worth $57,000. PNC Financial Services Group Inc. boosted its position in shares of The Gabelli Utility Trust by 6.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 40,249 shares of the investment management company’s stock worth $213,000 after purchasing an additional 2,293 shares during the last quarter. UBS Group AG grew its stake in shares of The Gabelli Utility Trust by 27.1% during the third quarter. UBS Group AG now owns 47,879 shares of the investment management company’s stock worth $254,000 after purchasing an additional 10,218 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in The Gabelli Utility Trust in the third quarter valued at about $62,000.

The Gabelli Utility Trust Stock Performance

Shares of GUT opened at $5.49 on Thursday. The Gabelli Utility Trust has a 1 year low of $4.60 and a 1 year high of $7.38. The stock’s 50-day moving average price is $5.41 and its two-hundred day moving average price is $5.68.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, April 15th.

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.