The Gabelli Utility Trust (NYSE:GUT) Stock Crosses Below 200 Day Moving Average – Here’s Why

The Gabelli Utility Trust (NYSE:GUT)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.60 and traded as low as $5.18. The Gabelli Utility Trust shares last traded at $5.20, with a volume of 141,787 shares changing hands.

The Gabelli Utility Trust Stock Up 1.7 %

The firm’s 50 day moving average is $5.20 and its 200-day moving average is $5.60.

The Gabelli Utility Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 16th.

Institutional Trading of The Gabelli Utility Trust

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings 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 last quarter. Farmers & Merchants Investments Inc. acquired a new stake in shares of The Gabelli Utility Trust in the second quarter worth $35,000. Pure Financial Advisors LLC bought a new stake in shares of The Gabelli Utility Trust during the 3rd quarter worth $78,000. Rothschild Investment LLC acquired a new position in The Gabelli Utility Trust in the 2nd quarter valued at $262,000. Finally, Nations Financial Group Inc. IA ADV raised its holdings in The Gabelli Utility Trust by 5.1% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 51,808 shares of the investment management company’s stock worth $307,000 after acquiring an additional 2,500 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.