Arlington Capital Management Inc. Invests $890,000 in The Gabelli Utility Trust $GUT

Arlington Capital Management Inc. purchased a new position in shares of The Gabelli Utility Trust (NYSE:GUT) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 147,065 shares of the investment management company’s stock, valued at approximately $890,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in The Gabelli Utility Trust during the 2nd quarter worth approximately $60,000. Ameriprise Financial Inc. acquired a new position in shares of The Gabelli Utility Trust in the third quarter valued at approximately $70,000. Composition Wealth LLC acquired a new position in shares of The Gabelli Utility Trust in the fourth quarter valued at approximately $72,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of The Gabelli Utility Trust during the third quarter worth approximately $82,000. Finally, Integrity Advisory Solutions LLC lifted its holdings in shares of The Gabelli Utility Trust by 12.8% during the fourth quarter. Integrity Advisory Solutions LLC now owns 14,911 shares of the investment management company’s stock worth $90,000 after purchasing an additional 1,689 shares during the period.

The Gabelli Utility Trust Stock Performance

NYSE:GUT traded down $0.04 during midday trading on Friday, reaching $6.82. The stock had a trading volume of 191,333 shares, compared to its average volume of 215,813. The firm has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $6.17. The Gabelli Utility Trust has a 12-month low of $5.42 and a 12-month high of $7.07.

The Gabelli Utility Trust Announces Dividend

The company also recently announced 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. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Wednesday, September 16th.

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.