The Gabelli Utility Trust (NYSE:GUT) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC raised its position in The Gabelli Utility Trust (NYSE:GUT) by 50.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,086 shares of the investment management company’s stock after purchasing an additional 7,087 shares during the period. Private Advisor Group LLC’s holdings in The Gabelli Utility Trust were worth $106,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in The Gabelli Utility Trust by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock worth $663,000 after buying an additional 3,075 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in 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 worth $465,000 after buying an additional 43,574 shares during the period. Wolverine Asset Management LLC purchased a new position in The Gabelli Utility Trust during the third quarter worth about $378,000. Nations Financial Group Inc. IA ADV lifted its position in 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 worth $280,000 after buying an additional 2,124 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new position in The Gabelli Utility Trust during the fourth quarter worth about $92,000.

The Gabelli Utility Trust Trading Down 1.2 %

NYSE GUT opened at $5.24 on Friday. The business’s 50-day moving average price is $5.37 and its 200 day moving average price is $5.36. The Gabelli Utility Trust has a twelve month low of $4.97 and a twelve month high of $6.25.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.46%.

The Gabelli Utility Trust 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.