The Gabelli Utility Trust (NYSE:GUT) Shares Sold by Everstar Asset Management LLC

Everstar Asset Management LLC trimmed its holdings in shares of The Gabelli Utility Trust (NYSE:GUT) by 58.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,050 shares of the investment management company’s stock after selling 21,250 shares during the period. Everstar Asset Management LLC’s holdings in The Gabelli Utility Trust were worth $76,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. One Capital Management LLC acquired a new position in shares of The Gabelli Utility Trust during the 4th quarter valued at $51,000. Kingswood Wealth Advisors LLC acquired a new position in shares of The Gabelli Utility Trust during the fourth quarter worth about $62,000. Sonora Investment Management Group LLC boosted its position in shares of The Gabelli Utility Trust by 20.0% in the fourth quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock worth $73,000 after buying an additional 2,404 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of The Gabelli Utility Trust in the fourth quarter valued at about $92,000. Finally, Private Advisor Group LLC raised its holdings in shares of The Gabelli Utility Trust by 50.6% during the 4th quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock valued at $106,000 after buying an additional 7,087 shares during the period.

The Gabelli Utility Trust Stock Performance

NYSE GUT opened at $5.34 on Tuesday. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two week high of $6.25. The business has a 50 day moving average price of $5.37 and a two-hundred day moving average price of $5.28.

The Gabelli Utility Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th.

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.