The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, October 16th will be paid a dividend of 0.05 per share by the investment management company on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Friday, October 16th.
The Gabelli Utility Trust Stock Performance
GUT opened at $6.50 on Thursday. The Gabelli Utility Trust has a 52-week low of $5.42 and a 52-week high of $7.07. The firm’s 50-day moving average price is $6.48 and its 200-day moving average price is $6.23.
Institutional Trading of The Gabelli Utility Trust
Several large investors have recently bought and sold shares of GUT. Osaic Holdings Inc. raised its holdings in shares of The Gabelli Utility Trust by 30.1% in the fourth quarter. Osaic Holdings Inc. now owns 411,891 shares of the investment management company’s stock worth $2,484,000 after buying an additional 95,363 shares during the last quarter. Plus Group Wealth Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the fourth quarter valued at $1,073,000. Cetera Investment Advisers increased its position in shares of The Gabelli Utility Trust by 16.2% in the 1st quarter. Cetera Investment Advisers now owns 176,621 shares of the investment management company’s stock valued at $1,069,000 after acquiring an additional 24,591 shares during the period. CoreCap Advisors LLC increased its position in shares of The Gabelli Utility Trust by 63.8% in the 2nd quarter. CoreCap Advisors LLC now owns 163,484 shares of the investment management company’s stock valued at $1,077,000 after acquiring an additional 63,693 shares during the period. Finally, Arlington Capital Management Inc. acquired a new position in shares of The Gabelli Utility Trust in the 1st quarter valued at $890,000.
The Gabelli Utility Trust Company Profile
The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.
The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.
Read More
- Five stocks we like better than The Gabelli Utility Trust
- Franco-Nevada Earnings: Gold Is Rallying, But Does the Stock Even Care?
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
Receive News & Ratings for The Gabelli Utility Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Utility Trust and related companies with MarketBeat.com's FREE daily email newsletter.
