Gabelli Utility Trust (GUT) Position Decreased by LPL Financial LLC

LPL Financial LLC decreased its stake in Gabelli Utility Trust (NYSE:GUT) by 40.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,857 shares of the investment management company’s stock after selling 17,135 shares during the period. LPL Financial LLC’s holdings in Gabelli Utility Trust were worth $176,000 at the end of the most recent quarter.

Separately, Advisor Group Inc. boosted its position in shares of Gabelli Utility Trust by 64.4% in the 4th quarter. Advisor Group Inc. now owns 20,930 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 8,200 shares during the period.

NYSE:GUT opened at $5.87 on Friday. Gabelli Utility Trust has a 1-year low of $5.77 and a 1-year high of $7.20.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, May 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.22%.

About 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.

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Institutional Ownership by Quarter for Gabelli Utility Trust (NYSE:GUT)

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