Global Retirement Partners LLC Sells 7,420 Shares of The Gabelli Utility Trust (NYSE:GUT)

Global Retirement Partners LLC reduced its stake in The Gabelli Utility Trust (NYSE:GUT) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,417 shares of the investment management company’s stock after selling 7,420 shares during the quarter. Global Retirement Partners LLC’s holdings in The Gabelli Utility Trust were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GUT. Wolverine Asset Management LLC acquired a new position in shares of The Gabelli Utility Trust during the 3rd quarter worth about $378,000. Arlington Capital Management Inc. bought a new position in The Gabelli Utility Trust during the 3rd quarter worth $286,000. Wealth Enhancement Advisory Services LLC raised its position in shares of The Gabelli Utility Trust by 95.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock valued at $465,000 after buying an additional 43,574 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of The Gabelli Utility Trust during the 4th quarter worth $92,000. Finally, Pure Financial Advisors LLC bought a new position in The Gabelli Utility Trust in the 3rd quarter valued at approximately $78,000.

The Gabelli Utility Trust Stock Down 0.4 %

Shares of GUT opened at $5.36 on Friday. The business has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.38. The Gabelli Utility Trust has a 12-month low of $4.97 and a 12-month high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 11.19%.

The Gabelli Utility Trust Company Profile

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.