Gabelli Utility Trust (NYSE:GUT) Share Price Passes Below Fifty Day Moving Average of $7.13

Gabelli Utility Trust (NYSE:GUT)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.13 and traded as low as $7.31. Gabelli Utility Trust shares last traded at $7.38, with a volume of 1,101 shares trading hands.

The business’s 50 day moving average is $7.13 and its 200-day moving average is $7.07.

A number of large investors have recently made changes to their positions in the stock. TCG Advisors LP bought a new position in Gabelli Utility Trust in the first quarter valued at approximately $25,000. Mid Atlantic Financial Management Inc. ADV increased its stake in Gabelli Utility Trust by 38.0% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 14,900 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 4,100 shares during the last quarter. Wells Fargo & Company MN increased its stake in Gabelli Utility Trust by 12.9% in the second quarter. Wells Fargo & Company MN now owns 36,833 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 4,206 shares during the last quarter. Royal Bank of Canada increased its stake in Gabelli Utility Trust by 5.4% in the second quarter. Royal Bank of Canada now owns 144,988 shares of the investment management company’s stock valued at $1,014,000 after acquiring an additional 7,441 shares during the last quarter. Finally, Capital Bank & Trust Co bought a new position in Gabelli Utility Trust in the second quarter valued at approximately $67,000.

Gabelli Utility Trust Company Profile (NYSE:GUT)

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.

Read More: Momentum Indicator: Relative Strength Index

Receive News & Ratings for Gabelli Utility Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gabelli Utility Trust and related companies with MarketBeat.com's FREE daily email newsletter.