The Gabelli Utility Trust (NYSE:GUT) Stock Crosses Below 200-Day Moving Average of $5.83

The Gabelli Utility Trust (NYSE:GUT) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.83 and traded as low as $5.23. The Gabelli Utility Trust shares last traded at $5.23, with a volume of 270,531 shares traded.

The Gabelli Utility Trust Trading Down 0.4 %

The business’s 50-day simple moving average is $5.88 and its 200 day simple moving average is $5.83.

The Gabelli Utility Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date is Friday, December 13th.

Institutional Trading of The Gabelli Utility Trust

Several large investors have recently added to or reduced their stakes in GUT. Aristides Capital LLC purchased a new position in shares of The Gabelli Utility Trust in the 2nd quarter valued at about $853,000. Northwestern Mutual Wealth Management Co. raised its holdings in The Gabelli Utility Trust by 601.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock valued at $35,000 after buying an additional 5,030 shares during the period. MAS Advisors LLC lifted its holdings in shares of The Gabelli Utility Trust by 3.3% in the 2nd quarter. MAS Advisors LLC now owns 107,533 shares of the investment management company’s stock worth $637,000 after acquiring an additional 3,396 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of The Gabelli Utility Trust during the second quarter worth $336,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in The Gabelli Utility Trust during the 2nd quarter valued at about $35,000.

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.