Gabelli Utility Trust (NYSE:GUT) Stock Price Crosses Below 200-Day Moving Average of $0.00

Gabelli Utility Trust (NYSE:GUT)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $6.96. Gabelli Utility Trust shares last traded at $6.98, with a volume of 3,055 shares.

The stock has a fifty day moving average price of $6.94.

The business also recently announced a monthly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 16th will be issued a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 8.58%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional investors have recently bought and sold shares of the stock. TCG Advisors LP acquired a new stake in Gabelli Utility Trust during the first quarter worth about $25,000. Liberty Capital Management Inc. acquired a new stake in Gabelli Utility Trust during the first quarter worth about $70,000. Mercer Global Advisors Inc. ADV acquired a new stake in Gabelli Utility Trust during the first quarter worth about $115,000. Raymond James Financial Services Advisors Inc. grew its holdings in Gabelli Utility Trust by 52.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,276 shares of the investment management company’s stock worth $174,000 after acquiring an additional 10,118 shares during the period. Finally, First Allied Advisory Services Inc. grew its holdings in Gabelli Utility Trust by 9.0% during the fourth quarter. First Allied Advisory Services Inc. now owns 33,316 shares of the investment management company’s stock worth $199,000 after acquiring an additional 2,739 shares during the period.

Gabelli Utility Trust Company Profile (NYSE:GUT)

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.

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