The Gabelli Utility Trust (NYSE:GUT) Stock Price Passes Above 50 Day Moving Average – Here’s Why

The Gabelli Utility Trust (NYSE:GUT)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.04 and traded as high as $6.14. The Gabelli Utility Trust shares last traded at $6.0850, with a volume of 218,380 shares trading hands.

The Gabelli Utility Trust Trading Down 0.9%

The business has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $6.03.

The Gabelli Utility Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Tuesday, March 17th.

Hedge Funds Weigh In On The Gabelli Utility Trust

Several large investors have recently made changes to their positions in GUT. Good Life Advisors LLC boosted its stake in shares of The Gabelli Utility Trust by 9.9% in the 2nd quarter. Good Life Advisors LLC now owns 20,983 shares of the investment management company’s stock valued at $122,000 after buying an additional 1,886 shares during the period. PFG Investments LLC increased its stake in shares of The Gabelli Utility Trust by 19.5% during the third quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock worth $75,000 after buying an additional 2,027 shares during the period. Raymond James Financial Inc. raised its holdings in The Gabelli Utility Trust by 2.0% in the second quarter. Raymond James Financial Inc. now owns 103,729 shares of the investment management company’s stock valued at $602,000 after acquiring an additional 2,042 shares in the last quarter. MAS Advisors LLC raised its holdings in The Gabelli Utility Trust by 3.4% in the second quarter. MAS Advisors LLC now owns 67,591 shares of the investment management company’s stock valued at $392,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in The Gabelli Utility Trust by 15.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,751 shares of the investment management company’s stock worth $107,000 after acquiring an additional 2,429 shares during the last quarter.

About The Gabelli Utility Trust

The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.

The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.