The Gabelli Utility Trust (NYSE:GUT) Stock Passes Above 50-Day Moving Average – What’s Next?

The Gabelli Utility Trust (NYSE:GUT) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.01 and traded as high as $6.03. The Gabelli Utility Trust shares last traded at $5.99, with a volume of 185,901 shares trading hands.

The Gabelli Utility Trust Price Performance

The company has a 50-day moving average of $6.01 and a 200-day moving average of $5.60.

The Gabelli Utility Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Hedge Funds Weigh In On The Gabelli Utility Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in shares of The Gabelli Utility Trust by 64.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 201,210 shares of the investment management company’s stock valued at $1,074,000 after purchasing an additional 78,894 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of The Gabelli Utility Trust in the 1st quarter valued at approximately $67,000. Wealth Enhancement Advisory Services LLC grew its position in shares of The Gabelli Utility Trust by 113.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 97,789 shares of the investment management company’s stock valued at $492,000 after purchasing an additional 51,929 shares during the period. Foundations Investment Advisors LLC acquired a new position in shares of The Gabelli Utility Trust in the 1st quarter valued at approximately $53,000. Finally, Stratos Wealth Partners LTD. boosted its position in 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 worth $88,000 after acquiring an additional 3,180 shares during the last quarter.

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.