The Gabelli Utility Trust (NYSE:GUT) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of The Gabelli Utility Trust (NYSE:GUT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.03 and traded as low as $5.93. The Gabelli Utility Trust shares last traded at $5.98, with a volume of 201,356 shares changing hands.

The Gabelli Utility Trust Stock Performance

The company has a 50 day simple moving average of $6.03 and a 200 day simple moving average of $6.03.

The Gabelli Utility Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a $0.05 dividend. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of The Gabelli Utility Trust

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of The Gabelli Utility Trust during the second quarter worth about $60,000. Ameriprise Financial Inc. purchased a new position in The Gabelli Utility Trust in the third quarter worth $70,000. Composition Wealth LLC acquired a new stake in The Gabelli Utility Trust in the fourth quarter valued at $72,000. PFG Investments LLC lifted its holdings in The Gabelli Utility Trust by 19.5% in the third quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock valued at $75,000 after acquiring an additional 2,027 shares during the period. Finally, Integrity Advisory Solutions LLC purchased a new stake in shares of The Gabelli Utility Trust during the 3rd quarter worth $80,000.

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.