Kellett Wealth Advisors LLC Purchases Shares of 26,200 The Gabelli Utility Trust (NYSE:GUT)

Kellett Wealth Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust (NYSE:GUT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,200 shares of the investment management company’s stock, valued at approximately $142,000.

Several other large investors have also added to or reduced their stakes in the company. Cetera Advisor Networks LLC lifted its holdings in The Gabelli Utility Trust by 6.8% during the second quarter. Cetera Advisor Networks LLC now owns 23,563 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of The Gabelli Utility Trust by 6.0% during the third quarter. PNC Financial Services Group Inc. now owns 40,249 shares of the investment management company’s stock worth $213,000 after acquiring an additional 2,293 shares during the last quarter. Brookstone Capital Management boosted its position in shares of The Gabelli Utility Trust by 11.5% during the fourth quarter. Brookstone Capital Management now owns 23,589 shares of the investment management company’s stock worth $128,000 after acquiring an additional 2,431 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of The Gabelli Utility Trust by 7.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 40,486 shares of the investment management company’s stock worth $289,000 after acquiring an additional 2,707 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of The Gabelli Utility Trust by 3.2% during the fourth quarter. International Assets Investment Management LLC now owns 97,197 shares of the investment management company’s stock worth $527,000 after acquiring an additional 3,000 shares during the last quarter.

The Gabelli Utility Trust Price Performance

Shares of NYSE:GUT traded up $0.03 during midday trading on Thursday, reaching $5.45. 121,719 shares of the company were exchanged, compared to its average volume of 146,624. The business’s fifty day moving average is $5.48 and its two-hundred day moving average is $5.58. The Gabelli Utility Trust has a one year low of $4.60 and a one year high of $7.17.

The Gabelli Utility Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th will be paid a dividend of $0.05 per share. This represents a yield of 10.81%. The ex-dividend date of this dividend is Monday, April 15th.

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.