Aristides Capital LLC Acquires New Position in The Gabelli Utility Trust (NYSE:GUT)

Aristides Capital LLC acquired a new stake in The Gabelli Utility Trust (NYSE:GUT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 144,083 shares of the investment management company’s stock, valued at approximately $853,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GUT. Register Financial Advisors LLC purchased a new stake in The Gabelli Utility Trust during the first quarter worth approximately $29,000. Farmers & Merchants Investments Inc. bought a new position in The Gabelli Utility Trust in the 2nd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $35,000 after purchasing an additional 5,030 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in The Gabelli Utility Trust during the fourth quarter valued at about $61,000. Finally, Brookstone Capital Management lifted its stake in The Gabelli Utility Trust by 27.7% during the first quarter. Brookstone Capital Management now owns 30,121 shares of the investment management company’s stock valued at $167,000 after buying an additional 6,532 shares in the last quarter.

The Gabelli Utility Trust Price Performance

NYSE GUT opened at $5.20 on Tuesday. The company has a 50 day simple moving average of $5.84 and a 200-day simple moving average of $5.83. The Gabelli Utility Trust has a 52-week low of $4.60 and a 52-week high of $6.30.

The Gabelli Utility Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.54%.

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.