Stratos Wealth Partners LTD. Sells 13,040 Shares of The Gabelli Utility Trust (NYSE:GUT)

Stratos Wealth Partners LTD. reduced its holdings in The Gabelli Utility Trust (NYSE:GUT) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,240 shares of the investment management company’s stock after selling 13,040 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in The Gabelli Utility Trust were worth $67,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GUT. Pure Financial Advisors LLC purchased a new stake in The Gabelli Utility Trust in the third quarter worth $78,000. Arlington Capital Management Inc. purchased a new stake in shares of The Gabelli Utility Trust in the 3rd quarter worth about $286,000. Wolverine Asset Management LLC bought a new stake in shares of The Gabelli Utility Trust during the 3rd quarter valued at about $378,000. Nations Financial Group Inc. IA ADV increased its position in shares of The Gabelli Utility Trust by 4.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after buying an additional 2,124 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of The Gabelli Utility Trust by 95.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock valued at $465,000 after buying an additional 43,574 shares during the period.

The Gabelli Utility Trust Stock Performance

Shares of GUT opened at $5.36 on Friday. The Gabelli Utility Trust has a one year low of $4.97 and a one year high of $6.25. The company has a 50-day simple moving average of $5.35 and a two-hundred day simple moving average of $5.44.

The Gabelli Utility Trust Announces Dividend

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

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.