Register Financial Advisors LLC Invests $102,000 in The Gabelli Utility Trust $GUT

Register Financial Advisors LLC bought a new stake in shares of The Gabelli Utility Trust (NYSE:GUT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,612 shares of the investment management company’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Moors & Cabot Inc. bought a new position in shares of The Gabelli Utility Trust during the first quarter worth about $53,000. Foundations Investment Advisors LLC purchased a new stake in The Gabelli Utility Trust during the first quarter valued at about $53,000. Dynamic Advisor Solutions LLC acquired a new position in The Gabelli Utility Trust during the first quarter valued at $67,000. Motco increased its stake in shares of The Gabelli Utility Trust by 96.2% in the first quarter. Motco now owns 14,277 shares of the investment management company’s stock worth $76,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in The Gabelli Utility Trust in the first quarter valued at approximately $81,000.

The Gabelli Utility Trust Price Performance

NYSE GUT opened at $6.07 on Friday. The stock has a 50-day simple moving average of $6.02 and a 200 day simple moving average of $5.66. The Gabelli Utility Trust has a twelve month low of $4.71 and a twelve month high of $6.20.

The Gabelli Utility Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Thursday, November 13th.

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.