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

Shares of The Gabelli Utility Trust (NYSE:GUT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.30 and traded as low as $5.98. The Gabelli Utility Trust shares last traded at $6.08, with a volume of 195,819 shares trading hands.

The Gabelli Utility Trust Trading Up 1.0%

The firm has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $6.30.

The Gabelli Utility Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GUT. Baird Financial Group Inc. raised its position in shares of The Gabelli Utility Trust by 501.2% in the second quarter. Baird Financial Group Inc. now owns 225,794 shares of the investment management company’s stock valued at $1,488,000 after buying an additional 188,235 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in The Gabelli Utility Trust during the first quarter worth approximately $890,000. Dynamic Advisor Solutions LLC boosted its position in The Gabelli Utility Trust by 8.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 21,111 shares of the investment management company’s stock worth $139,000 after acquiring an additional 1,729 shares during the last quarter. CoreCap Advisors LLC grew its stake in The Gabelli Utility Trust by 63.8% in the 2nd quarter. CoreCap Advisors LLC now owns 163,484 shares of the investment management company’s stock worth $1,077,000 after acquiring an additional 63,693 shares during the period. Finally, Core Wealth Advisors Inc. purchased a new stake in The Gabelli Utility Trust in the 1st quarter worth approximately $209,000.

About The Gabelli Utility Trust

The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.

The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.