Wedbush Securities Inc. Buys Shares of 35,415 The Gabelli Utility Trust (NYSE:GUT)

Wedbush Securities Inc. purchased a new position in The Gabelli Utility Trust (NYSE:GUT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 35,415 shares of the investment management company’s stock, valued at approximately $178,000.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in The Gabelli Utility Trust by 95.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after buying an additional 43,574 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in The Gabelli Utility Trust by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock worth $663,000 after acquiring an additional 3,075 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the fourth quarter worth about $62,000. Sonora Investment Management Group LLC increased its holdings in shares of The Gabelli Utility Trust by 20.0% during the fourth quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 2,404 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of The Gabelli Utility Trust in the 4th quarter valued at approximately $92,000.

The Gabelli Utility Trust Price Performance

NYSE:GUT opened at $5.21 on Friday. The Gabelli Utility Trust has a twelve month low of $4.71 and a twelve month high of $6.25. The company’s 50 day moving average is $5.32 and its two-hundred day moving average is $5.27.

The Gabelli Utility Trust Dividend Announcement

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

The Gabelli Utility Trust 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.