Atria Wealth Solutions Inc. Has $622,000 Stock Position in The Gabelli Utility Trust (NYSE:GUT)

Atria Wealth Solutions Inc. lessened its holdings in shares of The Gabelli Utility Trust (NYSE:GUT) by 51.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,750 shares of the investment management company’s stock after selling 129,276 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in The Gabelli Utility Trust were worth $622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of The Gabelli Utility Trust by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock valued at $663,000 after acquiring 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 valued at $465,000 after purchasing an additional 43,574 shares during the last quarter. Wolverine Asset Management LLC bought a new position in The Gabelli Utility Trust in the third quarter valued at $378,000. Arlington Capital Management Inc. purchased a new position in shares of The Gabelli Utility Trust during the 3rd quarter valued at about $286,000. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of The Gabelli Utility Trust by 4.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,124 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

Shares of The Gabelli Utility Trust stock opened at $5.39 on Thursday. The company’s 50 day moving average price is $5.36 and its 200-day moving average price is $5.39. The Gabelli Utility Trust has a 52-week low of $4.97 and a 52-week high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date is Friday, June 13th.

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.