The Gabelli Utility Trust (NYSE:GUT) Shares Cross Below 200-Day Moving Average – Here’s Why

The Gabelli Utility Trust (NYSE:GUT)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.03 and traded as low as $5.93. The Gabelli Utility Trust shares last traded at $5.98, with a volume of 201,356 shares traded.

The Gabelli Utility Trust Price Performance

The business has a fifty day moving average of $6.03 and a 200-day moving average of $6.03.

The Gabelli Utility Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of institutional investors and hedge funds have recently made changes to their positions in GUT. Integrity Advisory Solutions LLC lifted its position in The Gabelli Utility Trust by 12.8% in the 4th quarter. Integrity Advisory Solutions LLC now owns 14,911 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,689 shares in the last quarter. PFG Investments LLC increased its holdings in The Gabelli Utility Trust by 19.5% during the 3rd quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock worth $75,000 after purchasing an additional 2,027 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of 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 worth $602,000 after purchasing an additional 2,042 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of 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 purchasing an additional 2,429 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of The Gabelli Utility Trust by 39.7% in the fourth quarter. Jane Street Group LLC now owns 15,413 shares of the investment management company’s stock valued at $93,000 after purchasing an additional 4,383 shares in 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.