The Gabelli Utility Trust (NYSE:GUT) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

The Gabelli Utility Trust (NYSE:GUT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.60 and traded as low as $5.18. The Gabelli Utility Trust shares last traded at $5.20, with a volume of 141,787 shares trading hands.

The Gabelli Utility Trust Trading Down 0.6 %

The firm has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $5.60.

The Gabelli Utility Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, January 16th.

Institutional Investors Weigh In On The Gabelli Utility Trust

Several large investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of The Gabelli Utility Trust by 5.1% during the second quarter. Nations Financial Group Inc. IA ADV now owns 51,808 shares of the investment management company’s stock worth $307,000 after buying an additional 2,500 shares during the period. Rothschild Investment LLC acquired a new stake in The Gabelli Utility Trust during the 2nd quarter worth approximately $262,000. Commonwealth Equity Services LLC grew its stake in shares of The Gabelli Utility Trust by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,281,776 shares of the investment management company’s stock valued at $7,588,000 after purchasing an additional 11,962 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of The Gabelli Utility Trust in the second quarter valued at approximately $35,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the second quarter worth approximately $336,000.

About The Gabelli Utility Trust

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations.