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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, February 11th. Investors of record on Monday, June 15th will be given a dividend of 0.05 per share by the investment management company on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Monday, June 15th.

The Gabelli Utility Trust Stock Performance

Shares of GUT stock opened at $6.05 on Thursday. The company’s 50-day simple moving average is $6.05 and its two-hundred day simple moving average is $6.02. The Gabelli Utility Trust has a one year low of $4.71 and a one year high of $6.20.

Institutional Investors Weigh In On The Gabelli Utility Trust

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of The Gabelli Utility Trust during the 2nd quarter worth $60,000. Moloney Securities Asset Management LLC bought a new position in The Gabelli Utility Trust during the 2nd quarter worth about $60,000. Ameriprise Financial Inc. bought a new position in The Gabelli Utility Trust during the 3rd quarter worth about $70,000. Composition Wealth LLC purchased a new position in The Gabelli Utility Trust during the 4th quarter valued at about $72,000. Finally, PFG Investments LLC raised its holdings in shares of The Gabelli Utility Trust by 19.5% in the 3rd quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 2,027 shares in the last quarter.

About The Gabelli Utility Trust

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.