The Gabelli Utility Trust (NYSE:GUT) Shares Cross Below 200 Day Moving Average of $7.17

The Gabelli Utility Trust (NYSE:GUT – Get Rating) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.17 and traded as low as $6.77. The Gabelli Utility Trust shares last traded at $6.89, with a volume of 140,967 shares traded.

The Gabelli Utility Trust Trading Up 2.1 %

The company has a fifty day moving average price of $7.02 and a 200 day moving average price of $7.17.

The Gabelli Utility Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 15th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 8.71%. The ex-dividend date of this dividend is Wednesday, June 14th.

Hedge Funds Weigh In On The Gabelli Utility Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. MAS Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the first quarter valued at $78,000. NewEdge Advisors LLC increased its stake in The Gabelli Utility Trust by 17.0% in the 1st quarter. NewEdge Advisors LLC now owns 22,015 shares of the investment management company’s stock worth $157,000 after acquiring an additional 3,200 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of The Gabelli Utility Trust in the 2nd quarter worth approximately $196,000. Raymond James Financial Services Advisors Inc. boosted its holdings in The Gabelli Utility Trust by 16.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 86,224 shares of the investment management company’s stock valued at $595,000 after acquiring an additional 12,366 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of The Gabelli Utility Trust by 54.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 31,779 shares of the investment management company’s stock worth $219,000 after buying an additional 11,250 shares during the period.

The Gabelli Utility Trust Company Profile

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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.