Eagle Wealth Strategies LLC Sells 18,140 Shares of The Gabelli Utility Trust (NYSE:GUT)

Eagle Wealth Strategies LLC reduced its holdings in shares of The Gabelli Utility Trust (NYSE:GUTFree Report) by 50.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,138 shares of the investment management company’s stock after selling 18,140 shares during the period. Eagle Wealth Strategies LLC’s holdings in The Gabelli Utility Trust were worth $91,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of The Gabelli Utility Trust by 601.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 5,030 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in The Gabelli Utility Trust during the 3rd quarter valued at $78,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of The Gabelli Utility Trust by 4.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after buying an additional 2,124 shares during the period. Arlington Capital Management Inc. purchased a new stake in shares of The Gabelli Utility Trust in the 3rd quarter worth $286,000. Finally, Wolverine Asset Management LLC bought a new position in shares of The Gabelli Utility Trust during the 3rd quarter worth $378,000.

The Gabelli Utility Trust Stock Up 0.3 %

NYSE:GUT opened at $5.50 on Wednesday. The Gabelli Utility Trust has a 1-year low of $4.97 and a 1-year high of $6.25. The company has a 50-day moving average of $5.28 and a 200 day moving average of $5.51.

The Gabelli Utility Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 11.03%.

About The Gabelli Utility Trust

(Free Report)

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.

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Institutional Ownership by Quarter for The Gabelli Utility Trust (NYSE:GUT)

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