The Gabelli Utility Trust (NYSE:GUT) Shares Sold by Motco

Motco reduced its holdings in The Gabelli Utility Trust (NYSE:GUT) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,277 shares of the investment management company’s stock after selling 7,280 shares during the quarter. Motco’s holdings in The Gabelli Utility Trust were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC acquired a new position in The Gabelli Utility Trust in the fourth quarter valued at $62,000. Sonora Investment Management Group LLC grew its position in 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 during the period. Pure Financial Advisors LLC purchased a new stake in The Gabelli Utility Trust during the third quarter valued at about $78,000. J.W. Cole Advisors Inc. purchased a new stake in The Gabelli Utility Trust during the fourth quarter valued at about $92,000. Finally, Private Advisor Group LLC grew its position in The Gabelli Utility Trust by 50.6% during the fourth quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 7,087 shares during the period.

The Gabelli Utility Trust Price Performance

GUT stock opened at $5.36 on Friday. The stock has a 50-day moving average price of $5.36 and a two-hundred day moving average price of $5.39. The Gabelli Utility Trust has a 12-month low of $4.97 and a 12-month high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.19%. The ex-dividend date is Friday, June 13th.

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.