The Gabelli Utility Trust (NYSE:GUT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of The Gabelli Utility Trust (NYSE:GUT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.48 and traded as low as $5.44. The Gabelli Utility Trust shares last traded at $5.47, with a volume of 172,159 shares.

The Gabelli Utility Trust Trading Down 0.3 %

The firm’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $5.48.

The Gabelli Utility Trust Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 11.03%.

Institutional Trading of The Gabelli Utility Trust

A number of large investors have recently made changes to their positions in GUT. Northwestern Mutual Wealth Management Co. grew its position in The Gabelli Utility Trust by 601.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after purchasing an additional 5,030 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of The Gabelli Utility Trust during the fourth quarter worth about $62,000. Sonora Investment Management Group LLC boosted its stake in shares of The Gabelli Utility Trust by 20.0% during 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. Pure Financial Advisors LLC purchased a new position in shares of The Gabelli Utility Trust during the third quarter worth about $78,000. Finally, Nations Financial Group Inc. IA ADV increased its position in The Gabelli Utility Trust by 4.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,124 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.