Eagle Wealth Strategies LLC Decreases Stock Holdings in The Gabelli Utility Trust (NYSE:GUT)

Eagle Wealth Strategies LLC lessened its stake in The Gabelli Utility Trust (NYSE:GUT) by 50.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,138 shares of the investment management company’s stock after selling 18,140 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in The Gabelli Utility Trust were worth $91,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GUT. Nations Financial Group Inc. IA ADV grew its holdings in The Gabelli Utility Trust by 4.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after purchasing an additional 2,124 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in The Gabelli Utility Trust by 601.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,867 shares of the investment management company’s stock worth $35,000 after buying an additional 5,030 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in The Gabelli Utility Trust during the 3rd quarter valued at about $78,000. Wealth Enhancement Advisory Services LLC raised its stake in The Gabelli Utility Trust by 95.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock valued at $465,000 after buying an additional 43,574 shares during the last quarter. Finally, Arlington Capital Management Inc. acquired a new stake in The Gabelli Utility Trust in the third quarter worth about $286,000.

The Gabelli Utility Trust Stock Performance

GUT opened at $5.50 on Wednesday. The firm’s 50-day moving average price is $5.28 and its 200-day moving average price is $5.51. The Gabelli Utility Trust has a 52-week low of $4.97 and a 52-week high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, January 16th. This represents a yield of 11.03%.

About The Gabelli Utility Trust

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.