The Gabelli Utility Trust (NYSE:GUT) Announces $0.05 Dividend

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Wednesday, February 14th, NASDAQ reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.05 per share by the investment management company on Tuesday, April 23rd. The ex-dividend date of this dividend is Monday, April 15th.

The Gabelli Utility Trust Trading Up 0.2 %

GUT stock opened at $5.55 on Friday. The business’s fifty day simple moving average is $5.48 and its two-hundred day simple moving average is $5.59. The Gabelli Utility Trust has a twelve month low of $4.60 and a twelve month high of $7.25.

Institutional Trading of The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL increased its stake in The Gabelli Utility Trust by 7.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 298,556 shares of the investment management company’s stock worth $2,242,000 after purchasing an additional 20,526 shares during the period. MAS Advisors LLC increased its stake in The Gabelli Utility Trust by 17.8% in the fourth quarter. MAS Advisors LLC now owns 169,573 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 25,640 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in The Gabelli Utility Trust by 42.2% in 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 purchasing an additional 41,645 shares during the period. Wells Fargo & Company MN increased its stake in The Gabelli Utility Trust by 35.4% in the fourth quarter. Wells Fargo & Company MN now owns 100,139 shares of the investment management company’s stock worth $752,000 after purchasing an additional 26,182 shares during the period. Finally, Cetera Investment Advisers increased its stake in The Gabelli Utility Trust by 51.8% in the fourth quarter. Cetera Investment Advisers now owns 62,290 shares of the investment management company’s stock worth $468,000 after purchasing an additional 21,248 shares during the period.

About The Gabelli Utility Trust

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.