Synovus Financial Corp Has $76,000 Stock Holdings in The Gabelli Utility Trust (NYSE:GUT)

Synovus Financial Corp reduced its stake in shares of The Gabelli Utility Trust (NYSE:GUTFree Report) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,148 shares of the investment management company’s stock after selling 38,994 shares during the quarter. Synovus Financial Corp’s holdings in The Gabelli Utility Trust were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. One Capital Management LLC acquired a new stake in The Gabelli Utility Trust during the fourth quarter worth about $51,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter worth approximately $62,000. Sonora Investment Management Group LLC increased its stake in The Gabelli Utility Trust by 20.0% in the fourth quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 2,404 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in The Gabelli Utility Trust during the fourth quarter valued at approximately $92,000. Finally, Private Advisor Group LLC lifted its stake in The Gabelli Utility Trust by 50.6% during the fourth quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock worth $106,000 after purchasing an additional 7,087 shares during the last quarter.

The Gabelli Utility Trust Stock Up 0.5 %

Shares of GUT stock opened at $5.25 on Friday. The Gabelli Utility Trust has a fifty-two week low of $4.71 and a fifty-two week high of $6.25. The stock’s fifty day moving average price is $5.30 and its two-hundred day moving average price is $5.27.

The Gabelli Utility Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, April 15th.

The Gabelli Utility Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Gabelli Utility Trust (NYSE:GUT)

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