The Gabelli Utility Trust (GUT) To Go Ex-Dividend on December 11th

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, December 11th will be given a dividend of 0.05 per share by the investment management company on Friday, December 18th. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Friday, December 11th.

The Gabelli Utility Trust Price Performance

Shares of GUT opened at $6.46 on Friday. The Gabelli Utility Trust has a one year low of $5.42 and a one year high of $7.07. The stock has a 50-day moving average price of $6.48 and a 200 day moving average price of $6.24.

Institutional Trading of The Gabelli Utility Trust

Institutional investors have recently added to or reduced their stakes in the business. Plus Group Wealth Advisors LLC bought a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $1,073,000. Arlington Capital Management Inc. bought a new position in The Gabelli Utility Trust in the first quarter worth about $890,000. Osaic Holdings Inc. lifted its holdings in 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 acquiring an additional 95,363 shares during the last quarter. CoreCap Advisors LLC boosted its stake in The Gabelli Utility Trust by 63.8% in the second 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, Kovack Advisors Inc. acquired a new position in The Gabelli Utility Trust in the fourth quarter valued at approximately $353,000.

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.