Trek Financial LLC Decreases Stock Position in The Gabelli Utility Trust (NYSE:GUT)

Trek Financial LLC decreased its position in The Gabelli Utility Trust (NYSE:GUT) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,060 shares of the investment management company’s stock after selling 11,075 shares during the quarter. Trek Financial LLC’s holdings in The Gabelli Utility Trust were worth $56,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GUT. One Capital Management LLC purchased a new position in shares of The Gabelli Utility Trust in the fourth quarter valued at $51,000. Kingswood Wealth Advisors LLC purchased a new position in The Gabelli Utility Trust in the 4th quarter valued at about $62,000. Sonora Investment Management Group LLC boosted its position in The Gabelli Utility Trust by 20.0% in the 4th quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after buying an additional 2,404 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of The Gabelli Utility Trust during the fourth quarter valued at about $92,000. Finally, Private Advisor Group LLC increased its position in shares of The Gabelli Utility Trust by 50.6% during the fourth quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock worth $106,000 after acquiring an additional 7,087 shares during the last quarter.

The Gabelli Utility Trust Price Performance

Shares of GUT opened at $5.03 on Wednesday. The Gabelli Utility Trust has a one year low of $4.71 and a one year high of $6.25. The stock has a 50-day moving average price of $5.33 and a 200 day moving average price of $5.27.

The Gabelli Utility Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, April 15th.

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.