The Gabelli Utility Trust (NYSE:GUT) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

The Gabelli Utility Trust (NYSE:GUT) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.03 and traded as low as $5.92. The Gabelli Utility Trust shares last traded at $6.0250, with a volume of 254,213 shares changing hands.

The Gabelli Utility Trust Stock Performance

The company’s 50-day moving average price is $6.05 and its 200-day moving average price is $6.03.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GUT. Moloney Securities Asset Management LLC acquired a new position in The Gabelli Utility Trust in the second quarter valued at $60,000. Jane Street Group LLC acquired a new stake in The Gabelli Utility Trust during the 2nd quarter worth approximately $60,000. Ameriprise Financial Inc. purchased a new position in shares of The Gabelli Utility Trust in the 3rd quarter valued at approximately $70,000. Composition Wealth LLC acquired a new position in shares of The Gabelli Utility Trust in the fourth quarter valued at approximately $72,000. Finally, PFG Investments LLC increased its holdings in shares of The Gabelli Utility Trust by 19.5% in the third quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 2,027 shares during the period.

The Gabelli Utility Trust Company Profile

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.