Dynamic Advisor Solutions LLC Takes Position in The Gabelli Utility Trust (NYSE:GUT)

Dynamic Advisor Solutions LLC acquired a new stake in shares of The Gabelli Utility Trust (NYSE:GUT) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 12,505 shares of the investment management company’s stock, valued at approximately $67,000.

Other large investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $25,000. One Capital Management LLC purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $51,000. Mercer Global Advisors Inc. ADV purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $55,000. J.W. Cole Advisors Inc. purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $92,000. Finally, Ameriflex Group Inc. purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $97,000.

The Gabelli Utility Trust Price Performance

NYSE GUT opened at $5.65 on Friday. The stock’s 50 day moving average is $5.41 and its 200 day moving average is $5.35. The Gabelli Utility Trust has a 12 month low of $4.71 and a 12 month high of $6.19.

The Gabelli Utility Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 10.63%.

The Gabelli Utility Trust 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.