Wedbush Securities Inc. Increases Position in The Gabelli Utility Trust $GUT

Wedbush Securities Inc. grew its position in The Gabelli Utility Trust (NYSE:GUT) by 39.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,665 shares of the investment management company’s stock after buying an additional 11,250 shares during the quarter. Wedbush Securities Inc.’s holdings in The Gabelli Utility Trust were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mission Wealth Management LP acquired a new position in shares of The Gabelli Utility Trust in the second quarter valued at approximately $434,000. Townsquare Capital LLC acquired a new stake in The Gabelli Utility Trust in the 1st quarter valued at about $318,000. Elite Wealth Management Inc. purchased a new stake in shares of The Gabelli Utility Trust during the second quarter worth approximately $331,000. Integrity Alliance LLC. purchased a new stake in shares of The Gabelli Utility Trust during the first quarter worth approximately $239,000. Finally, Stratos Wealth Partners LTD. lifted its stake in The Gabelli Utility Trust by 133.7% in the second quarter. Stratos Wealth Partners LTD. now owns 38,375 shares of the investment management company’s stock worth $223,000 after acquiring an additional 21,955 shares during the last quarter.

The Gabelli Utility Trust Trading Down 1.5%

Shares of GUT stock opened at $6.07 on Friday. The firm has a fifty day moving average price of $6.02 and a 200 day moving average price of $5.84. The Gabelli Utility Trust has a 12 month low of $4.71 and a 12 month high of $6.20.

The Gabelli Utility Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

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.