18,138 Shares in The Gabelli Utility Trust (NYSE:GUT) Bought by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC bought a new position in The Gabelli Utility Trust (NYSE:GUT) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,138 shares of the investment management company’s stock, valued at approximately $98,000.

A number of other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its holdings in shares of The Gabelli Utility Trust by 17.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 155,004 shares of the investment management company’s stock worth $840,000 after purchasing an additional 22,843 shares in the last quarter. Wolverine Asset Management LLC bought a new position in The Gabelli Utility Trust during the 4th quarter valued at $69,000. Significant Wealth Partners LLC bought a new position in The Gabelli Utility Trust during the 4th quarter valued at $886,000. Kellett Wealth Advisors LLC bought a new position in The Gabelli Utility Trust during the 4th quarter valued at $142,000. Finally, International Assets Investment Management LLC lifted its stake in The Gabelli Utility Trust by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 97,197 shares of the investment management company’s stock valued at $527,000 after acquiring an additional 3,000 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

Shares of NYSE:GUT opened at $5.64 on Tuesday. The stock’s fifty day simple moving average is $5.49 and its two-hundred day simple moving average is $5.59. The Gabelli Utility Trust has a 1-year low of $4.60 and a 1-year high of $7.17.

The Gabelli Utility Trust Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.05 per share. This represents a yield of 10.81%. The ex-dividend date of this dividend was Monday, April 15th.

The Gabelli Utility Trust 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.