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

The Gabelli Utility Trust (NYSE:GUT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.79 and traded as low as $5.07. The Gabelli Utility Trust shares last traded at $5.10, with a volume of 314,032 shares changing hands.

The Gabelli Utility Trust Price Performance

The business has a 50-day moving average of $5.49 and a 200-day moving average of $5.78.

The Gabelli Utility Trust Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 24th. Investors of record on Friday, October 18th were paid a dividend of $0.05 per share. This represents a yield of 11.7%. The ex-dividend date of this dividend was Thursday, October 17th.

Hedge Funds Weigh In On The Gabelli Utility Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Aristides Capital LLC purchased a new position in shares of The Gabelli Utility Trust in the 2nd quarter valued at approximately $853,000. CoreCap Advisors LLC purchased a new position in The Gabelli Utility Trust during the 2nd quarter worth $336,000. Cetera Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust in the 1st quarter worth $271,000. Rothschild Investment LLC purchased a new stake in shares of The Gabelli Utility Trust in the second quarter valued at about $262,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of 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 worth $7,047,000 after acquiring an additional 41,271 shares during the period.

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.