Aristides Capital LLC Makes New $853,000 Investment in The Gabelli Utility Trust (NYSE:GUT)

Aristides Capital LLC purchased a new position in The Gabelli Utility Trust (NYSE:GUT) during the second quarter, Holdings Channel reports. The firm purchased 144,083 shares of the investment management company’s stock, valued at approximately $853,000.

A number of other hedge funds also recently modified their holdings of GUT. CoreCap Advisors LLC acquired a new stake in The Gabelli Utility Trust during the 2nd quarter worth approximately $336,000. Cetera Advisors LLC bought a new position in shares of The Gabelli Utility Trust in the first quarter worth approximately $271,000. Rothschild Investment LLC bought a new position in The Gabelli Utility Trust during the second quarter valued at approximately $262,000. Commonwealth Equity Services LLC grew its position in The Gabelli Utility Trust by 3.4% during the first quarter. Commonwealth Equity Services LLC now owns 1,269,814 shares of the investment management company’s stock valued at $7,047,000 after acquiring an additional 41,271 shares during the last quarter. Finally, MAS Advisors LLC grew its holdings in shares of The Gabelli Utility Trust by 34.9% in the first quarter. MAS Advisors LLC now owns 104,137 shares of the investment management company’s stock worth $578,000 after purchasing an additional 26,926 shares during the last quarter.

The Gabelli Utility Trust Price Performance

Shares of The Gabelli Utility Trust stock opened at $5.20 on Tuesday. The business has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $5.83. The Gabelli Utility Trust has a 12 month low of $4.60 and a 12 month high of $6.30.

The Gabelli Utility Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.54%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Utility Trust 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.