The Gabelli Utility Trust (NYSE:GUT) Declares $0.05 Monthly Dividend

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, November 12th. Stockholders of record on Thursday, February 12th will be given a dividend of 0.05 per share by the investment management company on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Thursday, February 12th.

The Gabelli Utility Trust Trading Down 1.5%

GUT traded down $0.10 during trading on Thursday, reaching $6.07. The company’s stock had a trading volume of 74,856 shares, compared to its average volume of 214,775. The Gabelli Utility Trust has a 1 year low of $4.71 and a 1 year high of $6.20. The firm has a fifty day simple moving average of $6.01 and a two-hundred day simple moving average of $5.84.

Hedge Funds Weigh In On The Gabelli Utility Trust

Institutional investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its position in shares of The Gabelli Utility Trust by 24.0% during the 1st 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 period. Private Advisor Group LLC increased its position in shares of The Gabelli Utility Trust by 18.4% during the 1st quarter. Private Advisor Group LLC now owns 24,973 shares of the investment management company’s stock worth $133,000 after purchasing an additional 3,887 shares during the last quarter. Motco raised its holdings in The Gabelli Utility Trust by 96.2% in the 1st quarter. Motco now owns 14,277 shares of the investment management company’s stock valued at $76,000 after buying an additional 7,000 shares during the period. LPL Financial LLC lifted its holdings 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 worth $5,118,000 after acquiring an additional 9,819 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of The Gabelli Utility Trust during the 1st quarter worth approximately $53,000.

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.