Janney Montgomery Scott LLC Acquires 3,075 Shares of The Gabelli Utility Trust (NYSE:GUT)

Janney Montgomery Scott LLC increased its position in shares of The Gabelli Utility Trust (NYSE:GUT) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 131,800 shares of the investment management company’s stock after purchasing an additional 3,075 shares during the quarter. Janney Montgomery Scott LLC’s holdings in The Gabelli Utility Trust were worth $663,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 valued at $35,000 after acquiring an additional 5,030 shares during the last quarter. Pure Financial Advisors LLC bought a new stake in shares of The Gabelli Utility Trust in the third quarter valued at about $78,000. Nations Financial Group Inc. IA ADV grew its stake in shares of The Gabelli Utility Trust by 4.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after acquiring an additional 2,124 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in The Gabelli Utility Trust in the 3rd quarter valued at $286,000. Finally, Wolverine Asset Management LLC bought a new stake in The Gabelli Utility Trust during the third quarter worth about $378,000.

The Gabelli Utility Trust Stock Down 0.9 %

NYSE GUT opened at $5.44 on Friday. The Gabelli Utility Trust has a 1 year low of $4.97 and a 1 year high of $6.25. The firm’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $5.46.

The Gabelli Utility Trust Dividend Announcement

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

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.