The Gabelli Utility Trust (NYSE:GUT) Announces Dividend of $0.05

by · The Markets Daily

The Gabelli Utility Trust (NYSE:GUT – Get Free Report) declared a dividend on Wednesday, February 14th, NASDAQ reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.05 per share by the investment management company on Tuesday, April 23rd. The ex-dividend date is Monday, April 15th.

The Gabelli Utility Trust Trading Up 0.3 %

NYSE GUT opened at $5.56 on Friday. The business’s 50-day moving average price is $5.48 and its 200 day moving average price is $5.59. The Gabelli Utility Trust has a twelve month low of $4.60 and a twelve month high of $7.25.

Hedge Funds Weigh In On The Gabelli Utility Trust

Several large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its stake in The Gabelli Utility Trust by 42.2% during 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 acquiring an additional 41,645 shares during the last quarter. Creative Planning increased its stake in The Gabelli Utility Trust by 233.2% during the fourth quarter. Creative Planning now owns 47,874 shares of the investment management company’s stock worth $360,000 after acquiring an additional 33,505 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in The Gabelli Utility Trust during the second quarter worth about $196,000. Wells Fargo & Company MN increased its stake in The Gabelli Utility Trust by 35.4% during the fourth quarter. Wells Fargo & Company MN now owns 100,139 shares of the investment management company’s stock worth $752,000 after acquiring an additional 26,182 shares during the last quarter. Finally, MAS Advisors LLC increased its stake in The Gabelli Utility Trust by 17.8% during the fourth quarter. MAS Advisors LLC now owns 169,573 shares of the investment management company’s stock worth $1,273,000 after acquiring an additional 25,640 shares during the last quarter.

The Gabelli Utility Trust Company Profile

(Get 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.

Featured Articles