The Gabelli Utility Trust (GUT) to Distribute Monthly Dividend of $0.05 on August 24th

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, May 13th. Investors of record on Monday, August 17th will be given a dividend of 0.05 per share by the investment management company on Monday, August 24th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Monday, August 17th.

The Gabelli Utility Trust Stock Up 0.4%

NYSE GUT opened at $6.50 on Friday. The stock has a 50-day moving average of $6.49 and a two-hundred day moving average of $6.24. The Gabelli Utility Trust has a 1-year low of $5.42 and a 1-year high of $7.07.

Institutional Investors Weigh In On The Gabelli Utility Trust

Several large investors have recently added to or reduced their stakes in GUT. Jane Street Group LLC purchased a new position in The Gabelli Utility Trust in the 2nd quarter valued at approximately $60,000. Ameriprise Financial Inc. acquired a new position in shares of The Gabelli Utility Trust in the third quarter worth $70,000. Composition Wealth LLC purchased a new stake in shares of The Gabelli Utility Trust during the fourth quarter worth $72,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of The Gabelli Utility Trust during the third quarter worth $82,000. Finally, Integrity Advisory Solutions LLC increased its position in shares of The Gabelli Utility Trust by 12.8% during the fourth quarter. Integrity Advisory Solutions LLC now owns 14,911 shares of the investment management company’s stock worth $90,000 after acquiring an additional 1,689 shares during the period.

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.