Kingsview Wealth Management LLC Takes Position in The Gabelli Utility Trust (NYSE:GUT)

Kingsview Wealth Management LLC bought a new stake in shares of The Gabelli Utility Trust (NYSE:GUTFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,612 shares of the investment management company’s stock, valued at approximately $62,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in The Gabelli Utility Trust by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 1,227,479 shares of the investment management company’s stock valued at $8,322,000 after acquiring an additional 35,176 shares in the last quarter. LPL Financial LLC grew its position in shares of The Gabelli Utility Trust by 0.4% during the 2nd quarter. LPL Financial LLC now owns 1,158,592 shares of the investment management company’s stock valued at $7,855,000 after purchasing an additional 4,971 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of The Gabelli Utility Trust by 7.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 298,556 shares of the investment management company’s stock valued at $2,242,000 after purchasing an additional 20,526 shares in the last quarter. MAS Advisors LLC increased its holdings in shares of The Gabelli Utility Trust by 17.8% in the fourth quarter. MAS Advisors LLC now owns 169,573 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 25,640 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of The Gabelli Utility Trust by 42.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 140,360 shares of the investment management company’s stock worth $1,004,000 after buying an additional 41,645 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

The Gabelli Utility Trust stock opened at $5.43 on Friday. The business has a 50-day simple moving average of $5.56 and a 200 day simple moving average of $6.02. The Gabelli Utility Trust has a 52 week low of $4.60 and a 52 week high of $7.38.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.05 per share. This represents a dividend yield of 11.17%. The ex-dividend date was Tuesday, January 16th.

The Gabelli Utility Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Gabelli Utility Trust (NYSE:GUT)

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