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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, November 12th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.05 per share by the investment management company on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Tuesday, March 17th.

The Gabelli Utility Trust Stock Performance

Shares of NYSE GUT traded down $0.10 during midday trading on Thursday, reaching $6.07. 74,856 shares of the stock were exchanged, compared to its average volume of 214,775. The stock has a 50 day moving average price of $6.01 and a 200-day moving average price of $5.84. The Gabelli Utility Trust has a 52-week low of $4.71 and a 52-week high of $6.20.

Institutional Investors Weigh In On The Gabelli Utility Trust

Hedge funds have recently made changes to their positions in the business. Foundations Investment Advisors LLC purchased a new position in The Gabelli Utility Trust during the first quarter worth about $53,000. Stratos Wealth Partners LTD. lifted its holdings 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 worth $88,000 after acquiring an additional 3,180 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust in the second quarter worth approximately $102,000. Janney Montgomery Scott LLC grew its holdings in The Gabelli Utility Trust by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 138,593 shares of the investment management company’s stock valued at $804,000 after purchasing an additional 5,770 shares during the period. Finally, Private Advisor Group LLC grew its holdings in The Gabelli Utility Trust by 18.4% in the first quarter. Private Advisor Group LLC now owns 24,973 shares of the investment management company’s stock valued at $133,000 after purchasing an additional 3,887 shares during the period.

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.