Gabelli Utility Trust (NYSE:GUT) Stock Price Passes Above 50 Day Moving Average of $7.11

Gabelli Utility Trust (NYSE:GUT) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.11 and traded as high as $7.42. Gabelli Utility Trust shares last traded at $7.42, with a volume of 553 shares.

The business has a 50-day moving average price of $7.12.

The business also recently announced a monthly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 8.09%.

A number of institutional investors and hedge funds have recently modified their holdings of GUT. Envestnet Asset Management Inc. bought a new stake in Gabelli Utility Trust during the 2nd quarter worth approximately $136,000. Commonwealth Equity Services LLC increased its stake in Gabelli Utility Trust by 86.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 148,690 shares of the investment management company’s stock worth $1,039,000 after purchasing an additional 68,924 shares in the last quarter. TCG Advisors LP bought a new stake in Gabelli Utility Trust during the 1st quarter worth approximately $25,000. Mercer Global Advisors Inc. ADV bought a new stake in Gabelli Utility Trust during the 1st quarter worth approximately $135,000. Finally, Liberty Capital Management Inc. bought a new stake in Gabelli Utility Trust during the 1st quarter worth approximately $70,000.

Gabelli Utility Trust Company Profile (NYSE:GUT)

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.

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