The Gabelli Utility Trust (NYSE:GUT) Shares Sold by MAS Advisors LLC

MAS Advisors LLC cut its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 62.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 81,561 shares of the investment management company’s stock after selling 133,582 shares during the quarter. MAS Advisors LLC’s holdings in The Gabelli Utility Trust were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in The Gabelli Utility Trust by 601.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after buying an additional 5,030 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $62,000. Sonora Investment Management Group LLC grew its position in The Gabelli Utility Trust by 20.0% during the 4th quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock worth $73,000 after purchasing an additional 2,404 shares in the last quarter. Pure Financial Advisors LLC acquired a new stake in The Gabelli Utility Trust during the 3rd quarter valued at $78,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of The Gabelli Utility Trust by 4.1% in the third 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.

The Gabelli Utility Trust Stock Up 0.1 %

Shares of The Gabelli Utility Trust stock opened at $5.46 on Wednesday. The Gabelli Utility Trust has a 12 month low of $4.97 and a 12 month high of $6.25. The business has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $5.46.

The Gabelli Utility Trust Dividend Announcement

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

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.