The Gabelli Utility Trust (NYSE:GUT) Declares $0.05 Dividend

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Monday, April 15th, investing.com reports. Stockholders of record on Tuesday, April 16th will be given a dividend of 0.05 per share by the investment management company on Tuesday, April 23rd. This represents a dividend yield of 10.81%. The ex-dividend date is Monday, April 15th.

The Gabelli Utility Trust Stock Performance

The Gabelli Utility Trust stock opened at $5.43 on Tuesday. The Gabelli Utility Trust has a 12-month low of $4.60 and a 12-month high of $7.17. The firm has a 50-day moving average price of $5.48 and a 200-day moving average price of $5.58.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its stake in The Gabelli Utility Trust by 7.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 298,556 shares of the investment management company’s stock worth $2,242,000 after buying an additional 20,526 shares during the period. MAS Advisors LLC increased its position in The Gabelli Utility Trust by 17.8% during the 4th quarter. MAS Advisors LLC now owns 169,573 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 25,640 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in The Gabelli Utility Trust by 42.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 140,360 shares of the investment management company’s stock valued at $1,004,000 after purchasing an additional 41,645 shares during the period. Wells Fargo & Company MN increased its position in The Gabelli Utility Trust by 35.4% during the 4th quarter. Wells Fargo & Company MN now owns 100,139 shares of the investment management company’s stock valued at $752,000 after purchasing an additional 26,182 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of The Gabelli Utility Trust by 51.8% in the 4th quarter. Cetera Investment Advisers now owns 62,290 shares of the investment management company’s stock worth $468,000 after buying an additional 21,248 shares during the last quarter.

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.