The Gabelli Utility Trust (NYSE:GUT) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

The Gabelli Utility Trust (NYSE:GUT)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.14 and traded as high as $6.28. The Gabelli Utility Trust shares last traded at $6.27, with a volume of 118,853 shares.

The Gabelli Utility Trust Stock Down 0.9%

The stock has a 50 day simple moving average of $6.15 and a 200-day simple moving average of $6.08.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Trading of The Gabelli Utility Trust

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in The Gabelli Utility Trust in the 2nd quarter worth approximately $60,000. Ameriprise Financial Inc. bought a new position in shares of The Gabelli Utility Trust during the 3rd quarter valued at approximately $70,000. Composition Wealth LLC bought a new position in shares of The Gabelli Utility Trust during the 4th quarter valued at approximately $72,000. Integrity Advisory Solutions LLC bought a new position in shares of The Gabelli Utility Trust during the 3rd quarter valued at approximately $80,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of The Gabelli Utility Trust during the 3rd quarter valued at approximately $82,000.

The Gabelli Utility Trust Company Profile

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.