Mercer Global Advisors Inc. ADV Acquires Shares of 10,992 The Gabelli Utility Trust (NYSE:GUT)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of The Gabelli Utility Trust (NYSE:GUT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,992 shares of the investment management company’s stock, valued at approximately $55,000.

A number of other institutional investors have also modified their holdings of GUT. Sit Investment Associates Inc. acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $7,493,000. Raymond James Financial Inc. acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $473,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $440,000. Wedbush Securities Inc. acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $178,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at about $92,000.

The Gabelli Utility Trust Stock Performance

NYSE:GUT opened at $5.33 on Friday. The Gabelli Utility Trust has a 52 week low of $4.71 and a 52 week high of $6.19. The stock’s 50-day moving average price is $5.28 and its 200-day moving average price is $5.29.

The Gabelli Utility Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date of this dividend is Tuesday, September 16th.

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.