LPL Financial LLC Lowers Stock Position in The Gabelli Utility Trust (NYSE:GUT)

LPL Financial LLC trimmed its position in The Gabelli Utility Trust (NYSE:GUT) by 50.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 948,614 shares of the investment management company’s stock after selling 971,335 shares during the quarter. LPL Financial LLC’s holdings in The Gabelli Utility Trust were worth $4,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. One Capital Management LLC bought a new position in shares of The Gabelli Utility Trust in the fourth quarter worth approximately $51,000. Kingswood Wealth Advisors LLC purchased a new position in shares of The Gabelli Utility Trust during the 4th quarter valued at $62,000. Sonora Investment Management Group LLC lifted its stake in shares of The Gabelli Utility Trust by 20.0% during the 4th quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after buying an additional 2,404 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in The Gabelli Utility Trust in the 4th quarter worth $92,000. Finally, Private Advisor Group LLC increased its stake in The Gabelli Utility Trust by 50.6% in the 4th quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock worth $106,000 after buying an additional 7,087 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

Shares of The Gabelli Utility Trust stock opened at $5.03 on Wednesday. The stock’s 50-day simple moving average is $5.33 and its 200-day simple moving average is $5.27. The Gabelli Utility Trust has a 52 week low of $4.71 and a 52 week high of $6.25.

The Gabelli Utility Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, 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.