Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Gabelli Utility Trust (NYSE:GUT) by 120.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,238 shares of the investment management company’s stock after acquiring an additional 17,618 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Gabelli Utility Trust worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GUT. Janney Montgomery Scott LLC boosted its stake in shares of Gabelli Utility Trust by 1.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 47,027 shares of the investment management company’s stock worth $328,000 after acquiring an additional 500 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Gabelli Utility Trust by 96.0% during the 2nd quarter. Wells Fargo & Company MN now owns 14,802 shares of the investment management company’s stock worth $104,000 after acquiring an additional 7,251 shares during the period. Finally, First Allied Advisory Services Inc. boosted its stake in shares of Gabelli Utility Trust by 19.2% during the 2nd quarter. First Allied Advisory Services Inc. now owns 18,650 shares of the investment management company’s stock worth $130,000 after acquiring an additional 3,000 shares during the period.

Gabelli Utility Trust (NYSE:GUT) opened at $7.05 on Monday. Gabelli Utility Trust has a one year low of $6.05 and a one year high of $7.20.

The company also recently declared a monthly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 17th were paid a $0.05 dividend. The ex-dividend date was Monday, October 16th. This represents a $0.60 annualized dividend and a yield of 8.51%.

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About Gabelli Utility Trust

The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund will invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations (the 80% Policy).

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Institutional Ownership by Quarter for Gabelli Utility Trust (NYSE:GUT)

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