The Gabelli Utility Trust (NYSE:GUT) Share Price Passes Below 200-Day Moving Average – What’s Next?

The Gabelli Utility Trust (NYSE:GUT) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.48 and traded as low as $5.44. The Gabelli Utility Trust shares last traded at $5.47, with a volume of 172,159 shares traded.

The Gabelli Utility Trust Stock Performance

The company’s 50-day moving average price is $5.31 and its 200-day moving average price is $5.48.

The Gabelli Utility Trust Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, January 16th. This represents a yield of 11.03%.

Institutional Trading of The Gabelli Utility Trust

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in The Gabelli Utility Trust by 601.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after purchasing an additional 5,030 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the fourth quarter worth approximately $62,000. Sonora Investment Management Group LLC increased its stake in shares of The Gabelli Utility Trust by 20.0% during the fourth quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock worth $73,000 after buying an additional 2,404 shares during the period. Pure Financial Advisors LLC acquired a new stake in The Gabelli Utility Trust in the third quarter valued at approximately $78,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in The Gabelli Utility Trust by 4.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after acquiring an additional 2,124 shares in the last quarter.

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.