International Assets Investment Management LLC Has $2.86 Million Holdings in The Gabelli Utility Trust (NYSE:GUT)

International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Utility Trust (NYSE:GUT) by 459.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 526,805 shares of the investment management company’s stock after purchasing an additional 432,608 shares during the period. International Assets Investment Management LLC’s holdings in The Gabelli Utility Trust were worth $2,855,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GUT. Brookstone Capital Management lifted its holdings in The Gabelli Utility Trust by 11.5% in the fourth quarter. Brookstone Capital Management now owns 23,589 shares of the investment management company’s stock valued at $128,000 after buying an additional 2,431 shares during the period. Riverview Trust Co acquired a new position in The Gabelli Utility Trust in the third quarter valued at $270,000. PNC Financial Services Group Inc. lifted its holdings in The Gabelli Utility Trust by 6.0% in the third quarter. PNC Financial Services Group Inc. now owns 40,249 shares of the investment management company’s stock valued at $213,000 after buying an additional 2,293 shares during the period. PFG Investments LLC acquired a new position in The Gabelli Utility Trust in the third quarter valued at $53,000. Finally, Balboa Wealth Partners lifted its holdings in The Gabelli Utility Trust by 10.3% in the third quarter. Balboa Wealth Partners now owns 94,865 shares of the investment management company’s stock valued at $503,000 after buying an additional 8,875 shares during the period.

The Gabelli Utility Trust Stock Performance

GUT stock opened at $5.45 on Friday. The Gabelli Utility Trust has a 12-month low of $4.60 and a 12-month high of $7.17. The company’s fifty day simple moving average is $5.48 and its 200 day simple moving average is $5.58.

The Gabelli Utility Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a yield of 10.81%.

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.