The Gabelli Utility Trust (NYSE:GUT) Stock Crosses Above 50-Day Moving Average – Here’s Why

The Gabelli Utility Trust (NYSE:GUT)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.14 and traded as high as $6.28. The Gabelli Utility Trust shares last traded at $6.27, with a volume of 118,853 shares traded.

The Gabelli Utility Trust Stock Performance

The business’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $6.08.

The Gabelli Utility Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Institutional Investors Weigh In On The Gabelli Utility Trust

A number of institutional investors have recently made changes to their positions in the stock. Integrity Advisory Solutions LLC increased its position in shares of The Gabelli Utility Trust by 12.8% during the fourth quarter. Integrity Advisory Solutions LLC now owns 14,911 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,689 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of The Gabelli Utility Trust by 2.0% during the second quarter. Raymond James Financial Inc. now owns 103,729 shares of the investment management company’s stock valued at $602,000 after acquiring an additional 2,042 shares during the last quarter. Dynamic Advisor Solutions LLC increased 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 valued at $107,000 after acquiring an additional 2,429 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of The Gabelli Utility Trust by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 138,486 shares of the investment management company’s stock valued at $838,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of The Gabelli Utility Trust by 11.9% in the first quarter. Compound Planning Inc. now owns 31,298 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 3,318 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.