The Gabelli Utility Trust (NYSE:GUT) to Issue $0.05 Monthly Dividend

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be given a dividend of 0.05 per share by the investment management company on Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date is Tuesday, February 13th.

The Gabelli Utility Trust Trading Up 1.1 %

GUT opened at $5.68 on Tuesday. The Gabelli Utility Trust has a 52-week low of $4.60 and a 52-week high of $7.97. The firm’s 50 day moving average is $5.88 and its 200-day moving average is $6.52.

Institutional Trading of The Gabelli Utility Trust

A number of hedge funds have recently made changes to their positions in GUT. Cambridge Investment Research Advisors Inc. grew its position in shares of The Gabelli Utility Trust by 42.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 140,360 shares of the investment management company’s stock worth $1,004,000 after buying an additional 41,645 shares in the last quarter. Creative Planning grew its position in shares of The Gabelli Utility Trust by 233.2% during the fourth quarter. Creative Planning now owns 47,874 shares of the investment management company’s stock worth $360,000 after buying an additional 33,505 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of The Gabelli Utility Trust during the second quarter worth approximately $196,000. Wells Fargo & Company MN grew its position in shares of The Gabelli Utility Trust by 35.4% during the fourth quarter. Wells Fargo & Company MN now owns 100,139 shares of the investment management company’s stock worth $752,000 after buying an additional 26,182 shares in the last quarter. Finally, MAS Advisors LLC grew its position in shares of The Gabelli Utility Trust by 17.8% during the fourth quarter. MAS Advisors LLC now owns 169,573 shares of the investment management company’s stock worth $1,273,000 after buying an additional 25,640 shares in the last quarter.

The Gabelli Utility Trust Company Profile

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.