The Gabelli Utility Trust (NYSE:GUT) Stock Crosses Above Fifty Day Moving Average – What’s Next?

The Gabelli Utility Trust (NYSE:GUT) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.18 and traded as high as $6.39. The Gabelli Utility Trust shares last traded at $6.3850, with a volume of 316,143 shares traded.

The Gabelli Utility Trust Trading Down 0.2%

The company’s 50-day moving average is $6.19 and its 200-day moving average is $6.09.

The Gabelli Utility Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Hedge Funds Weigh In On The Gabelli Utility Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrity Advisory Solutions LLC lifted its stake 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 purchasing an additional 1,689 shares during the last quarter. Raymond James Financial Inc. lifted its stake in The Gabelli Utility Trust by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 103,729 shares of the investment management company’s stock valued at $602,000 after purchasing an additional 2,042 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in The Gabelli Utility Trust by 15.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 17,751 shares of the investment management company’s stock valued at $107,000 after purchasing an additional 2,429 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in The Gabelli Utility Trust by 1.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 138,486 shares of the investment management company’s stock valued at $838,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Compound Planning Inc. lifted its stake in 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 valued at $189,000 after purchasing 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.