The Gabelli Utility Trust (NYSE:GUT) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

The Gabelli Utility Trust (NYSE:GUT) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.44 and traded as high as $6.56. The Gabelli Utility Trust shares last traded at $6.45, with a volume of 356,456 shares changing hands.

The Gabelli Utility Trust Stock Down 0.2%

The business’s 50-day moving average price is $6.44 and its 200-day moving average price is $6.20.

The Gabelli Utility Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 9.3%.

Institutional Trading of The Gabelli Utility Trust

A number of institutional investors have recently bought and sold shares of GUT. Dynamic Advisor Solutions LLC increased its position in The Gabelli Utility Trust by 8.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 21,111 shares of the investment management company’s stock worth $139,000 after purchasing an additional 1,729 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of The Gabelli Utility Trust by 63.8% in the 2nd quarter. CoreCap Advisors LLC now owns 163,484 shares of the investment management company’s stock valued at $1,077,000 after purchasing an additional 63,693 shares during the last quarter. Core Wealth Advisors Inc. bought a new stake in The Gabelli Utility Trust in the first quarter worth $209,000. Royal Bank of Canada increased its position in The Gabelli Utility Trust by 102.4% during the first quarter. Royal Bank of Canada now owns 80,083 shares of the investment management company’s stock worth $485,000 after buying an additional 40,507 shares during the last quarter. Finally, Compound Planning Inc. raised its holdings in The Gabelli Utility Trust by 11.9% during the first quarter. Compound Planning Inc. now owns 31,298 shares of the investment management company’s stock valued at $189,000 after buying an additional 3,318 shares in the last quarter.

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.