Kellett Wealth Advisors LLC Buys New Holdings in The Gabelli Utility Trust (NYSE:GUT)

Kellett Wealth Advisors LLC bought a new stake in The Gabelli Utility Trust (NYSE:GUT) during the fourth quarter, HoldingsChannel reports. The fund bought 26,200 shares of the investment management company’s stock, valued at approximately $142,000.

A number of other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in The Gabelli Utility Trust by 459.3% in the fourth quarter. International Assets Investment Management LLC now owns 526,805 shares of the investment management company’s stock valued at $2,855,000 after buying an additional 432,608 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in The Gabelli Utility Trust by 7.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 298,556 shares of the investment management company’s stock worth $2,242,000 after purchasing an additional 20,526 shares in the last quarter. MAS Advisors LLC boosted its position in The Gabelli Utility Trust by 17.8% in the 4th quarter. MAS Advisors LLC now owns 169,573 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 25,640 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in The Gabelli Utility Trust by 42.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 140,360 shares of the investment management company’s stock worth $1,004,000 after purchasing an additional 41,645 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in The Gabelli Utility Trust by 35.4% in the 4th quarter. Wells Fargo & Company MN now owns 100,139 shares of the investment management company’s stock worth $752,000 after purchasing an additional 26,182 shares in the last quarter.

The Gabelli Utility Trust Trading Up 0.5 %

The Gabelli Utility Trust stock traded up $0.03 during mid-day trading on Thursday, hitting $5.45. The company had a trading volume of 121,719 shares, compared to its average volume of 146,624. The company’s fifty day moving average is $5.48 and its 200-day moving average is $5.58. The Gabelli Utility Trust has a 12-month low of $4.60 and a 12-month high of $7.17.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th will be given a dividend of $0.05 per share. This represents a dividend yield of 10.81%. The ex-dividend date is Monday, 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.