Stratos Wealth Partners LTD. Grows Stake in The Gabelli Utility Trust (NYSE:GUT)

Stratos Wealth Partners LTD. grew its holdings in shares of The Gabelli Utility Trust (NYSE:GUT) by 24.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,420 shares of the investment management company’s stock after purchasing an additional 3,180 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in The Gabelli Utility Trust were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GUT. Cambridge Investment Research Advisors Inc. increased its position in shares of The Gabelli Utility Trust by 64.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 201,210 shares of the investment management company’s stock valued at $1,074,000 after purchasing an additional 78,894 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of The Gabelli Utility Trust during the first quarter valued at $67,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Gabelli Utility Trust by 113.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 97,789 shares of the investment management company’s stock worth $492,000 after purchasing an additional 51,929 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in The Gabelli Utility Trust in the 4th quarter valued at about $97,000. Finally, Nomura Holdings Inc. bought a new position in The Gabelli Utility Trust in the 4th quarter worth about $323,000.

The Gabelli Utility Trust Price Performance

NYSE GUT opened at $6.10 on Friday. The company’s 50-day simple moving average is $5.65 and its two-hundred day simple moving average is $5.43. The Gabelli Utility Trust has a one year low of $4.71 and a one year high of $6.19.

The Gabelli Utility Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 24th. Shareholders of record on Friday, July 18th will be given a dividend of $0.05 per share. This represents a yield of 9.88%. The ex-dividend date is Thursday, July 17th.

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.