Arlington Capital Management Inc. Purchases New Position in The Gabelli Utility Trust $GUT

Arlington Capital Management Inc. acquired a new stake in The Gabelli Utility Trust (NYSE:GUT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 147,065 shares of the investment management company’s stock, valued at approximately $890,000.

Several other hedge funds also recently made changes to their positions in GUT. Janney Montgomery Scott LLC lifted its holdings in shares of The Gabelli Utility Trust by 1.8% in the 1st 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 during the last quarter. Silver Oak Securities Incorporated grew its stake in The Gabelli Utility Trust by 28.0% during the 1st quarter. Silver Oak Securities Incorporated now owns 20,546 shares of the investment management company’s stock worth $124,000 after buying an additional 4,498 shares during the last quarter. Balboa Wealth Partners increased its position in The Gabelli Utility Trust by 8.3% during the first quarter. Balboa Wealth Partners now owns 113,258 shares of the investment management company’s stock worth $685,000 after buying an additional 8,679 shares during the period. Compound Planning Inc. acquired a new position in The Gabelli Utility Trust during the fourth quarter worth approximately $169,000. Finally, Virtue Capital Management LLC lifted its stake in The Gabelli Utility Trust by 92.5% in the fourth quarter. Virtue Capital Management LLC now owns 91,666 shares of the investment management company’s stock valued at $555,000 after buying an additional 44,044 shares during the last quarter.

The Gabelli Utility Trust Price Performance

Shares of GUT stock traded down $0.04 during trading hours on Friday, hitting $6.82. The stock had a trading volume of 191,333 shares, compared to its average volume of 215,813. The stock’s 50 day moving average is $6.37 and its 200 day moving average is $6.17. The Gabelli Utility Trust has a twelve month low of $5.42 and a twelve month high of $7.07.

The Gabelli Utility Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid 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 yield of 8.8%.

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.