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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Wednesday, February 14th will be given a dividend of 0.05 per share by the investment management company on Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date is Tuesday, February 13th.

The Gabelli Utility Trust Stock Up 1.2 %

Shares of GUT traded up $0.07 during trading hours on Monday, reaching $5.69. 135,029 shares of the stock traded hands, compared to its average volume of 142,712. The company’s 50-day moving average price is $5.90 and its two-hundred day moving average price is $6.53. The Gabelli Utility Trust has a 52-week low of $4.60 and a 52-week high of $7.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MML Investors Services LLC grew its position in shares of The Gabelli Utility Trust by 17.6% during the second quarter. MML Investors Services LLC now owns 33,366 shares of the investment management company’s stock valued at $226,000 after purchasing an additional 5,004 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in The Gabelli Utility Trust during the 2nd quarter valued at approximately $196,000. NewEdge Advisors LLC increased its stake in The Gabelli Utility Trust by 15.9% in the 2nd quarter. NewEdge Advisors LLC now owns 25,515 shares of the investment management company’s stock worth $173,000 after acquiring an additional 3,500 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of The Gabelli Utility Trust by 6.8% during the 2nd quarter. Cetera Advisor Networks LLC now owns 23,563 shares of the investment management company’s stock worth $160,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of The Gabelli Utility Trust during the 1st quarter valued at approximately $119,000.

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.