Janney Montgomery Scott LLC Purchases 3,075 Shares of The Gabelli Utility Trust (NYSE:GUT)

Janney Montgomery Scott LLC increased its position in The Gabelli Utility Trust (NYSE:GUT) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,800 shares of the investment management company’s stock after acquiring an additional 3,075 shares during the quarter. Janney Montgomery Scott LLC’s holdings in The Gabelli Utility Trust were worth $663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its stake in shares of The Gabelli Utility Trust by 4.1% in 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 purchasing an additional 2,124 shares during the period. Pure Financial Advisors LLC acquired a new stake in The Gabelli Utility Trust in the 3rd quarter valued at approximately $78,000. Arlington Capital Management Inc. bought a new position in The Gabelli Utility Trust in the 3rd quarter worth approximately $286,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of The Gabelli Utility Trust by 601.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after buying an additional 5,030 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of The Gabelli Utility Trust during the third quarter worth approximately $378,000.

The Gabelli Utility Trust Stock Performance

Shares of The Gabelli Utility Trust stock opened at $5.44 on Friday. The Gabelli Utility Trust has a 1 year low of $4.97 and a 1 year high of $6.25. The company’s fifty day simple moving average is $5.34 and its 200-day simple moving average is $5.46.

The Gabelli Utility Trust Announces Dividend

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

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.