International Assets Investment Management LLC Raises Stock Position in The Gabelli Utility Trust $GUT

International Assets Investment Management LLC lifted its position in The Gabelli Utility Trust (NYSE:GUT) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,631 shares of the investment management company’s stock after buying an additional 2,819 shares during the period. International Assets Investment Management LLC’s holdings in The Gabelli Utility Trust were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MAS Advisors LLC grew its position in shares of The Gabelli Utility Trust by 3.4% in the 2nd quarter. MAS Advisors LLC now owns 67,591 shares of the investment management company’s stock worth $392,000 after buying an additional 2,248 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in The Gabelli Utility Trust by 24.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 16,420 shares of the investment management company’s stock worth $88,000 after purchasing an additional 3,180 shares during the last quarter. Private Advisor Group LLC grew its position in The Gabelli Utility Trust by 18.4% during the 1st quarter. Private Advisor Group LLC now owns 24,973 shares of the investment management company’s stock worth $133,000 after purchasing an additional 3,887 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in The Gabelli Utility Trust by 7.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 66,288 shares of the investment management company’s stock worth $390,000 after purchasing an additional 4,715 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in The Gabelli Utility Trust by 4.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 138,593 shares of the investment management company’s stock worth $804,000 after purchasing an additional 5,770 shares during the last quarter.

The Gabelli Utility Trust Stock Down 1.2%

GUT stock opened at $5.79 on Wednesday. The firm’s fifty day simple moving average is $5.99 and its 200-day simple moving average is $5.75. The Gabelli Utility Trust has a 12 month low of $4.71 and a 12 month high of $6.20.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Thursday, November 13th.

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.