News

Pinnacle Associates Ltd. recently purchased a new position in The Gabelli Utility Trust during the first quarter. The fund acquired 11,164 shares of the investment management company’s stock, valued at ,000. This move was part of several changes made by institutional investors and hedge funds in the business.

MAS Advisors LLC also purchased a new stake in The Gabelli Utility Trust during the first quarter, worth approximately ,000. Meanwhile, NewEdge Advisors LLC increased its stake in the company by 17.0% during the same period, owning 22,015 shares worth 7,000 after buying an additional 3,200 shares. Goldman Sachs Group Inc. acquired a new position in the company during the second quarter, valued at around 6,000.

In the third quarter, Captrust Financial Advisors lifted its position in The Gabelli Utility Trust by 5,457.2%, owning 16,894 shares valued at 7,000 after acquiring an additional 16,590 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in the company by 22.1% in the fourth quarter, owning 16,601 shares valued at 5,000 after acquiring an additional 3,009 shares.

The Gabelli Utility Trust stock opened at .84 on Tuesday, with a fifty-two week low of .56 and a fifty-two week high of .05. The stock’s fifty-day moving average is .90, and its two-hundred day moving average is .03.

The company also recently announced a dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 17th will be paid a dividend of {TRESC}.05 per share. The ex-dividend date of this dividend is Wednesday, August 16th.

The Gabelli Utility Trust is a closed-ended equity mutual fund managed by Gabelli Funds, LLC. It invests in the global public equity markets and focuses on companies providing products, services, or equipment for the generation and distribution of electricity, gas, water, telecommunications services, and infrastructure operations.

For more information on The Gabelli Utility Trust and its investors, please visit HoldingsChannel.com.

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