Shares of The Gabelli Utility Trust (NYSE:GUT – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.52 and traded as high as $6.57. The Gabelli Utility Trust shares last traded at $6.5450, with a volume of 98,693 shares trading hands.
The Gabelli Utility Trust Trading Up 0.2%
The business’s 50-day moving average price is $6.52 and its 200-day moving average price is $6.29.
The Gabelli Utility Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, December 11th.
Hedge Funds Weigh In On The Gabelli Utility Trust
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.
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