The Gabelli Utility Trust (NYSE:GUT) Share Price Passes Below 200-Day Moving Average – Time to Sell?

The Gabelli Utility Trust (NYSE:GUT) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.04 and traded as low as $6.02. The Gabelli Utility Trust shares last traded at $6.0630, with a volume of 114,427 shares traded.

The Gabelli Utility Trust Stock Performance

The business’s 50 day moving average price is $6.04 and its 200 day moving average price is $6.04.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of The Gabelli Utility Trust by 30.1% during the 4th quarter. Osaic Holdings Inc. now owns 411,891 shares of the investment management company’s stock worth $2,484,000 after purchasing an additional 95,363 shares during the period. Plus Group Wealth Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter worth approximately $1,073,000. Cetera Investment Advisers grew its stake in shares of The Gabelli Utility Trust by 28.9% during the 4th quarter. Cetera Investment Advisers now owns 152,030 shares of the investment management company’s stock worth $917,000 after purchasing an additional 34,056 shares during the period. Raymond James Financial Inc. grew its stake in shares of The Gabelli Utility Trust by 18.3% during the 3rd quarter. Raymond James Financial Inc. now owns 122,743 shares of the investment management company’s stock worth $745,000 after purchasing an additional 19,014 shares during the period. Finally, Balboa Wealth Partners grew its stake in shares of The Gabelli Utility Trust by 8.3% during the 1st quarter. Balboa Wealth Partners now owns 113,258 shares of the investment management company’s stock worth $685,000 after purchasing an additional 8,679 shares during the period.

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.