Atria Wealth Solutions Inc. Has $840,000 Stock Position in The Gabelli Utility Trust (NYSE:GUT)

Atria Wealth Solutions Inc. lifted its holdings in shares of The Gabelli Utility Trust (NYSE:GUT) by 17.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 155,004 shares of the investment management company’s stock after acquiring an additional 22,843 shares during the period. Atria Wealth Solutions Inc.’s holdings in The Gabelli Utility Trust were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GUT. PFG Investments LLC acquired a new position in shares of The Gabelli Utility Trust during the 3rd quarter worth $53,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of The Gabelli Utility Trust during the 3rd quarter valued at $57,000. Kingsview Wealth Management LLC acquired a new stake in shares of The Gabelli Utility Trust during the 3rd quarter valued at $62,000. Wolverine Asset Management LLC bought a new stake in The Gabelli Utility Trust during the 4th quarter worth $69,000. Finally, VisionPoint Advisory Group LLC increased its holdings 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 worth $92,000 after purchasing an additional 8,719 shares in the last quarter.

The Gabelli Utility Trust Trading Up 0.6 %

Shares of NYSE GUT opened at $5.69 on Friday. The company has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $5.59. The Gabelli Utility Trust has a 1 year low of $4.60 and a 1 year high of $7.17.

The Gabelli Utility Trust Announces Dividend

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

The Gabelli Utility Trust Company Profile

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.