Mission Wealth Management LP Buys New Shares in The Gabelli Utility Trust $GUT

Mission Wealth Management LP bought a new stake in The Gabelli Utility Trust (NYSE:GUT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 74,800 shares of the investment management company’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moors & Cabot Inc. purchased a new position in The Gabelli Utility Trust in the first quarter valued at $53,000. Foundations Investment Advisors LLC purchased a new position in The Gabelli Utility Trust in the first quarter valued at $53,000. Moloney Securities Asset Management LLC purchased a new position in The Gabelli Utility Trust in the second quarter valued at $60,000. Motco raised its stake in The Gabelli Utility Trust by 96.2% in the first quarter. Motco now owns 14,277 shares of the investment management company’s stock valued at $76,000 after buying an additional 7,000 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in The Gabelli Utility Trust during the 2nd quarter worth about $85,000.

The Gabelli Utility Trust Stock Down 0.8%

Shares of NYSE GUT opened at $6.01 on Wednesday. The business has a 50-day moving average of $6.00 and a two-hundred day moving average of $5.81. The Gabelli Utility Trust has a 1 year low of $4.71 and a 1 year high of $6.20.

The Gabelli Utility Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Thursday, November 13th.

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.