The Gabelli Utility Trust (NYSE:GUT) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

The Gabelli Utility Trust (NYSE:GUT) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.44 and traded as high as $6.56. The Gabelli Utility Trust shares last traded at $6.45, with a volume of 356,456 shares trading hands.

The Gabelli Utility Trust Trading Down 0.2%

The company has a 50 day moving average of $6.44 and a two-hundred day moving average of $6.20.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Institutional Trading of The Gabelli Utility Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC boosted its holdings in The Gabelli Utility Trust by 8.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 21,111 shares of the investment management company’s stock worth $139,000 after buying an additional 1,729 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of The Gabelli Utility Trust by 63.8% during the 2nd quarter. CoreCap Advisors LLC now owns 163,484 shares of the investment management company’s stock worth $1,077,000 after acquiring an additional 63,693 shares in the last quarter. Core Wealth Advisors Inc. acquired a new position in shares of The Gabelli Utility Trust in the 1st quarter worth $209,000. Royal Bank of Canada grew its holdings in shares of The Gabelli Utility Trust by 102.4% in the 1st quarter. Royal Bank of Canada now owns 80,083 shares of the investment management company’s stock worth $485,000 after acquiring an additional 40,507 shares during the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of The Gabelli Utility Trust by 11.9% in the 1st quarter. Compound Planning Inc. now owns 31,298 shares of the investment management company’s stock worth $189,000 after acquiring an additional 3,318 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.