The Gabelli Utility Trust (NYSE:GUT) Shares Pass Below 200 Day Moving Average – What’s Next?

The Gabelli Utility Trust (NYSE:GUT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.82 and traded as low as $5.08. The Gabelli Utility Trust shares last traded at $5.12, with a volume of 361,429 shares trading hands.

The Gabelli Utility Trust Trading Up 0.4 %

The company’s 50 day moving average price is $5.75 and its 200-day moving average price is $5.82.

The Gabelli Utility Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 11.72%.

Hedge Funds Weigh In On The Gabelli Utility Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in The Gabelli Utility Trust in the fourth quarter valued at approximately $61,000. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Utility Trust by 2.1% during the 1st quarter. International Assets Investment Management LLC now owns 99,197 shares of the investment management company’s stock valued at $548,000 after acquiring an additional 2,000 shares in the last quarter. Brookstone Capital Management increased its holdings in The Gabelli Utility Trust by 27.7% in the 1st quarter. Brookstone Capital Management now owns 30,121 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 6,532 shares in the last quarter. Register Financial Advisors LLC purchased a new position in The Gabelli Utility Trust in the first quarter valued at about $29,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of The Gabelli Utility Trust by 3.4% during the first quarter. Commonwealth Equity Services LLC now owns 1,269,814 shares of the investment management company’s stock worth $7,047,000 after purchasing an additional 41,271 shares in the last quarter.

About The Gabelli Utility Trust

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.