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

Shares of The Gabelli Utility Trust (NYSE:GUT) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.07 and traded as high as $6.18. The Gabelli Utility Trust shares last traded at $6.17, with a volume of 357,323 shares.

The Gabelli Utility Trust Trading Down 0.3%

The firm’s fifty day moving average is $6.07 and its 200-day moving average is $6.03.

The Gabelli Utility Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in The Gabelli Utility Trust in the second quarter valued at about $60,000. Ameriprise Financial Inc. acquired a new position in shares of The Gabelli Utility Trust in the third quarter valued at approximately $70,000. Composition Wealth LLC bought a new position in The Gabelli Utility Trust in the 4th quarter valued at approximately $72,000. PFG Investments LLC boosted its position in The Gabelli Utility Trust by 19.5% during the 3rd quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock worth $75,000 after buying an additional 2,027 shares during the period. Finally, Integrity Advisory Solutions LLC acquired a new stake in The Gabelli Utility Trust during the 3rd quarter worth approximately $80,000.

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.