The Gabelli Utility Trust (NYSE:GUT – Get Free Report) declared a monthly dividend on Wednesday, November 12th. Stockholders of record on Thursday, February 12th will be given a dividend of 0.05 per share by the investment management company on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Thursday, February 12th.
The Gabelli Utility Trust Trading Up 1.2%
Shares of GUT stock opened at $6.08 on Tuesday. The stock has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $6.02. The Gabelli Utility Trust has a 52-week low of $4.71 and a 52-week high of $6.20.
Institutional Investors Weigh In On The Gabelli Utility Trust
Large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of The Gabelli Utility Trust in the second quarter worth about $60,000. Moloney Securities Asset Management LLC bought a new stake in The Gabelli Utility Trust in the second quarter worth $60,000. Ameriprise Financial Inc. bought a new position in The Gabelli Utility Trust during the third quarter valued at $70,000. Composition Wealth LLC bought a new stake in shares of The Gabelli Utility Trust in the 4th quarter worth about $72,000. Finally, PFG Investments LLC lifted its holdings in shares of The Gabelli Utility Trust by 19.5% in the 3rd 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 last quarter.
About The Gabelli Utility Trust
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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