The Gabelli Utility Trust (NYSE:GUT) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 40.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 331,023 shares of the investment management company’s stock after selling 220,683 shares during the quarter. Gamco Investors INC. ET AL’s holdings in The Gabelli Utility Trust were worth $1,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sit Investment Associates Inc. acquired a new position in The Gabelli Utility Trust in the fourth quarter worth about $7,493,000. Raymond James Financial Inc. bought a new stake in shares of The Gabelli Utility Trust in the 4th quarter valued at approximately $473,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of The Gabelli Utility Trust during the 4th quarter valued at approximately $440,000. Wealth Enhancement Advisory Services LLC boosted its holdings in The Gabelli Utility Trust by 95.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after purchasing an additional 43,574 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in The Gabelli Utility Trust during the fourth quarter valued at $178,000.

The Gabelli Utility Trust Stock Up 0.5 %

NYSE GUT opened at $5.25 on Friday. The Gabelli Utility Trust has a one year low of $4.71 and a one year high of $6.25. The company has a 50-day simple moving average of $5.30 and a 200-day simple moving average of $5.27.

The Gabelli Utility Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, 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.