The Gabelli Utility Trust (NYSE:GUT) Shares Pass Below 200 Day Moving Average – Time to Sell?

The Gabelli Utility Trust (NYSE:GUT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.82 and traded as low as $5.08. The Gabelli Utility Trust shares last traded at $5.12, with a volume of 361,429 shares trading hands.

The Gabelli Utility Trust Stock Performance

The stock’s 50 day moving average price is $5.71 and its 200-day moving average price is $5.81.

The Gabelli Utility Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 11.52%.

Institutional Investors Weigh In On The Gabelli Utility Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in shares of The Gabelli Utility Trust in the first quarter worth $29,000. Farmers & Merchants Investments Inc. purchased a new position in shares of The Gabelli Utility Trust during the second quarter worth $35,000. Northwestern Mutual Wealth Management Co. grew its position in The Gabelli Utility Trust by 601.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock valued at $35,000 after buying an additional 5,030 shares during the period. Nomura Holdings Inc. acquired a new stake in The Gabelli Utility Trust during the fourth quarter valued at $61,000. Finally, Brookstone Capital Management grew its position in The Gabelli Utility Trust by 27.7% during the first quarter. Brookstone Capital Management now owns 30,121 shares of the investment management company’s stock valued at $167,000 after buying an additional 6,532 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.