The Gabelli Utility Trust (NYSE:GUT) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

The Gabelli Utility Trust (NYSE:GUT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.87 and traded as low as $5.42. The Gabelli Utility Trust shares last traded at $5.8250, with a volume of 761,079 shares changing hands.

The Gabelli Utility Trust Stock Down 3.4%

The stock’s fifty day moving average price is $6.02 and its 200-day moving average price is $5.88.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Tuesday, March 17th.

Institutional Trading of The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in shares of The Gabelli Utility Trust by 1.0% during the 1st quarter. LPL Financial LLC now owns 958,433 shares of the investment management company’s stock worth $5,118,000 after purchasing an additional 9,819 shares in the last quarter. Osaic Holdings Inc. raised its position in The Gabelli Utility Trust by 38.6% during the second quarter. Osaic Holdings Inc. now owns 272,910 shares of the investment management company’s stock worth $1,583,000 after acquiring an additional 76,065 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in The Gabelli Utility Trust by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 138,593 shares of the investment management company’s stock valued at $804,000 after acquiring an additional 5,770 shares during the last quarter. Raymond James Financial Inc. lifted its stake in The Gabelli Utility Trust by 18.3% in the third quarter. Raymond James Financial Inc. now owns 122,743 shares of the investment management company’s stock valued at $745,000 after acquiring an additional 19,014 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of The Gabelli Utility Trust by 23.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 104,742 shares of the investment management company’s stock worth $608,000 after purchasing an additional 20,163 shares during the last quarter.

About The Gabelli Utility Trust

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.