Kingswood Wealth Advisors LLC Makes New $62,000 Investment in The Gabelli Utility Trust (NYSE:GUT)

Kingswood Wealth Advisors LLC purchased a new position in The Gabelli Utility Trust (NYSE:GUT) during the fourth quarter, Holdings Channel reports. The fund purchased 12,263 shares of the investment management company’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its holdings in shares of The Gabelli Utility Trust by 4.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after buying an additional 2,124 shares during the period. Pure Financial Advisors LLC purchased a new stake in The Gabelli Utility Trust during the 3rd quarter valued at about $78,000. Arlington Capital Management Inc. bought a new position in The Gabelli Utility Trust during the 3rd quarter worth approximately $286,000. Northwestern Mutual Wealth Management Co. increased its stake in The Gabelli Utility Trust by 601.0% in 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 period. Finally, Wolverine Asset Management LLC bought a new stake in The Gabelli Utility Trust in the third quarter valued at approximately $378,000.

The Gabelli Utility Trust Trading Up 0.4 %

The Gabelli Utility Trust stock opened at $5.48 on Monday. The Gabelli Utility Trust has a 1-year low of $4.97 and a 1-year high of $6.25. The firm has a 50-day moving average of $5.32 and a 200-day moving average of $5.47.

The Gabelli Utility Trust Announces Dividend

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

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.