The Gabelli Utility Trust (NYSE:GUT) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

The Gabelli Utility Trust (NYSE:GUT)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.05 and traded as high as $6.12. The Gabelli Utility Trust shares last traded at $6.0750, with a volume of 219,545 shares changing hands.

The Gabelli Utility Trust Price Performance

The stock has a 50-day simple moving average of $6.05 and a 200-day simple moving average of $6.03.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Tuesday, March 17th.

Hedge Funds Weigh In On The Gabelli Utility Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC raised its position in shares of The Gabelli Utility Trust by 38.2% in the fourth quarter. PFG Investments LLC now owns 17,155 shares of the investment management company’s stock valued at $103,000 after purchasing an additional 4,743 shares during the period. Silver Oak Securities Incorporated purchased a new position in The Gabelli Utility Trust in the 4th quarter valued at approximately $97,000. Accurate Wealth Management LLC grew its stake in The Gabelli Utility Trust by 103.7% in the 4th quarter. Accurate Wealth Management LLC now owns 33,481 shares of the investment management company’s stock valued at $205,000 after buying an additional 17,046 shares in the last quarter. CoreCap Advisors LLC raised its holdings in The Gabelli Utility Trust by 12.2% during the 4th quarter. CoreCap Advisors LLC now owns 77,366 shares of the investment management company’s stock valued at $467,000 after acquiring an additional 8,400 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of The Gabelli Utility Trust by 15.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,751 shares of the investment management company’s stock worth $107,000 after acquiring an additional 2,429 shares in the last quarter.

About The Gabelli Utility Trust

The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.

The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.