The Gabelli Utility Trust (NYSE:GUT) Stock Price Down 0.2% – Should You Sell?

The Gabelli Utility Trust (NYSE:GUT) fell 0.2% on Monday . The stock traded as low as $5.40 and last traded at $5.43. 283,112 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 207,213 shares. The stock had previously closed at $5.44.

The Gabelli Utility Trust Stock Down 0.6 %

The company has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $5.65.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 11.09%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of The Gabelli Utility Trust

Large investors have recently modified their holdings of the business. Cetera Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust during the first quarter worth approximately $271,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of The Gabelli Utility Trust by 24.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,764 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 9,050 shares in the last quarter. Brookstone Capital Management lifted its position in shares of The Gabelli Utility Trust by 10.6% during the second quarter. Brookstone Capital Management now owns 33,300 shares of the investment management company’s stock worth $204,000 after purchasing an additional 3,179 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in The Gabelli Utility Trust by 5.1% in the second quarter. Nations Financial Group Inc. IA ADV now owns 51,808 shares of the investment management company’s stock worth $307,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in The Gabelli Utility Trust in the second quarter valued at about $262,000.

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.