Wolverine Asset Management LLC Invests $69,000 in The Gabelli Utility Trust (NYSE:GUT)

Wolverine Asset Management LLC purchased a new position in shares of The Gabelli Utility Trust (NYSE:GUT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,788 shares of the investment management company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC bought a new stake in shares of The Gabelli Utility Trust during the third quarter worth $53,000. Envestnet Portfolio Solutions Inc. acquired a new position in The Gabelli Utility Trust during the 3rd quarter worth about $57,000. Kingsview Wealth Management LLC bought a new stake in The Gabelli Utility Trust during the 3rd quarter worth about $62,000. VisionPoint Advisory Group LLC increased its position in The Gabelli Utility Trust by 101.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 17,321 shares of the investment management company’s stock valued at $92,000 after acquiring an additional 8,719 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of The Gabelli Utility Trust by 11.5% in the fourth quarter. Brookstone Capital Management now owns 23,589 shares of the investment management company’s stock worth $128,000 after acquiring an additional 2,431 shares during the last quarter.

The Gabelli Utility Trust Stock Performance

Shares of GUT opened at $5.55 on Monday. The business’s fifty day moving average price is $5.49 and its two-hundred day moving average price is $5.59. The Gabelli Utility Trust has a 52 week low of $4.60 and a 52 week high of $7.17.

The Gabelli Utility Trust Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th were issued a $0.05 dividend. This represents a yield of 10.81%. The ex-dividend date was Monday, April 15th.

About The Gabelli Utility Trust

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.