Sonora Investment Management Group LLC Boosts Stake in The Gabelli Utility Trust (NYSE:GUT)

Sonora Investment Management Group LLC lifted its holdings in The Gabelli Utility Trust (NYSE:GUT) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,419 shares of the investment management company’s stock after purchasing an additional 2,404 shares during the quarter. Sonora Investment Management Group LLC’s holdings in The Gabelli Utility Trust were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Wolverine Asset Management LLC bought a new stake in shares of The Gabelli Utility Trust in the third quarter worth $378,000. Arlington Capital Management Inc. bought a new stake in shares of The Gabelli Utility Trust in the third quarter worth $286,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Gabelli Utility Trust by 95.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after acquiring an additional 43,574 shares during the period. Pure Financial Advisors LLC bought a new stake in shares of The Gabelli Utility Trust in the third quarter worth $78,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of The Gabelli Utility Trust in the fourth quarter worth $62,000.

The Gabelli Utility Trust Price Performance

NYSE:GUT opened at $5.48 on Friday. The stock has a 50-day simple moving average of $5.31 and a two-hundred day simple moving average of $5.48. The Gabelli Utility Trust has a 52-week low of $4.97 and a 52-week high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were issued a dividend of $0.05 per share. This represents a yield of 11.03%. The ex-dividend date was Thursday, January 16th.

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.