The Gabelli Utility Trust Plans Monthly Dividend of $0.05 (NYSE:GUT)

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Wednesday, August 12th. Investors of record on Friday, October 16th will be given a dividend of 0.05 per share by the investment management company on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, October 16th.

The Gabelli Utility Trust Trading Up 1.9%

Shares of NYSE GUT opened at $6.50 on Thursday. The Gabelli Utility Trust has a 52 week low of $5.42 and a 52 week high of $7.07. The business’s 50 day moving average price is $6.48 and its 200 day moving average price is $6.23.

Institutional Trading of The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in The Gabelli Utility Trust during the second quarter valued at $60,000. Ameriprise Financial Inc. purchased a new position in shares of The Gabelli Utility Trust during the 3rd quarter valued at about $70,000. Composition Wealth LLC acquired a new position in shares of The Gabelli Utility Trust in the 4th quarter valued at about $72,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of The Gabelli Utility Trust in the third quarter worth about $82,000. Finally, Integrity Advisory Solutions LLC boosted its stake in shares of The Gabelli Utility Trust by 12.8% in the fourth quarter. Integrity Advisory Solutions LLC now owns 14,911 shares of the investment management company’s stock worth $90,000 after buying an additional 1,689 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.