Good Life Advisors LLC Cuts Position in The Gabelli Utility Trust (NYSE:GUT)

Good Life Advisors LLC reduced its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 79.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,326 shares of the investment management company’s stock after selling 76,260 shares during the quarter. Good Life Advisors LLC’s holdings in The Gabelli Utility Trust were worth $102,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GUT. Pure Financial Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the 3rd quarter valued at about $78,000. Arlington Capital Management Inc. acquired a new position in shares of The Gabelli Utility Trust in the 3rd quarter valued at approximately $286,000. Wolverine Asset Management LLC acquired a new position in shares of The Gabelli Utility Trust in the 3rd quarter valued at approximately $378,000. Nations Financial Group Inc. IA ADV raised its position in shares of The Gabelli Utility Trust by 4.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after purchasing an additional 2,124 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of The Gabelli Utility Trust by 95.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 43,574 shares in the last quarter.

The Gabelli Utility Trust Stock Down 1.6 %

Shares of GUT opened at $5.35 on Friday. The business’s 50 day moving average is $5.34 and its two-hundred day moving average is $5.41. 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 firm also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.23%. The ex-dividend date is Friday, June 13th.

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.