The Gabelli Utility Trust (NYSE:GUT) Share Price Passes Above Fifty Day Moving Average – Here’s Why

The Gabelli Utility Trust (NYSE:GUT) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.18 and traded as high as $6.39. The Gabelli Utility Trust shares last traded at $6.3850, with a volume of 316,143 shares changing hands.

The Gabelli Utility Trust Stock Up 0.6%

The firm has a fifty day moving average price of $6.18 and a 200 day moving average price of $6.09.

The Gabelli Utility Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Investors Weigh In On The Gabelli Utility Trust

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of The Gabelli Utility Trust in the 2nd quarter valued at approximately $60,000. Ameriprise Financial Inc. acquired a new stake in shares of The Gabelli Utility Trust in the 3rd quarter valued at approximately $70,000. Composition Wealth LLC acquired a new stake in shares of The Gabelli Utility Trust in the 4th quarter valued at approximately $72,000. Integrity Advisory Solutions LLC acquired a new stake in shares of The Gabelli Utility Trust in the 3rd quarter valued at approximately $80,000. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of The Gabelli Utility Trust in the 3rd quarter valued at approximately $82,000.

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.