The Gabelli Utility Trust (NYSE:GUT) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in The Gabelli Utility Trust (NYSE:GUT) by 46.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,467 shares of the investment management company’s stock after selling 14,478 shares during the period. D.A. Davidson & CO.’s holdings in The Gabelli Utility Trust were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV increased its holdings in 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 worth $280,000 after buying an additional 2,124 shares during the period. Sonora Investment Management Group LLC boosted its holdings in shares of The Gabelli Utility Trust by 20.0% in the 4th quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 2,404 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of The Gabelli Utility Trust by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock worth $663,000 after acquiring an additional 3,075 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of The Gabelli Utility Trust during the fourth quarter worth $62,000. Finally, Pure Financial Advisors LLC acquired a new position in The Gabelli Utility Trust during the third quarter valued at $78,000.

The Gabelli Utility Trust Stock Down 0.3 %

Shares of GUT opened at $5.38 on Friday. The business’s 50-day moving average is $5.36 and its two-hundred day moving average is $5.39. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two 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 dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.16%. 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.