Kestra Advisory Services LLC Raises Stake in The Gabelli Utility Trust (NYSE:GUT)

Kestra Advisory Services LLC grew its stake in shares of The Gabelli Utility Trust (NYSE:GUTGet Rating) by 119.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,654 shares of the investment management company’s stock after purchasing an additional 24,853 shares during the period. Kestra Advisory Services LLC’s holdings in The Gabelli Utility Trust were worth $326,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its position in shares of The Gabelli Utility Trust by 1.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 871,718 shares of the investment management company’s stock worth $7,182,000 after purchasing an additional 15,686 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of The Gabelli Utility Trust by 8.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 232,472 shares of the investment management company’s stock worth $1,916,000 after buying an additional 17,962 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of The Gabelli Utility Trust by 4.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 72,222 shares of the investment management company’s stock worth $595,000 after buying an additional 2,879 shares during the last quarter. Leverty Financial Group LLC acquired a new position in shares of The Gabelli Utility Trust during the 4th quarter worth $212,000. Finally, Rollins Financial acquired a new position in shares of The Gabelli Utility Trust during the 4th quarter worth $115,000.

The Gabelli Utility Trust Stock Up 0.4 %

NYSE:GUT opened at $7.66 on Friday. The Gabelli Utility Trust has a 52-week low of $6.41 and a 52-week high of $8.36. The stock has a fifty day simple moving average of $7.07 and a 200-day simple moving average of $7.43.

The Gabelli Utility Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 16th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 7.83%. The ex-dividend date is Thursday, September 15th.

The Gabelli Utility Trust 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.

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

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