The Gabelli Utility Trust (NYSE:GUT) Stock Position Decreased by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 84.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,979 shares of the investment management company’s stock after selling 61,769 shares during the quarter. Wolverine Asset Management LLC’s holdings in The Gabelli Utility Trust were worth $55,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GUT. Kingswood Wealth Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust in the fourth quarter valued at $62,000. Sonora Investment Management Group LLC lifted its holdings in shares of The Gabelli Utility Trust by 20.0% in the fourth quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 2,404 shares in the last quarter. Pure Financial Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust in the third quarter valued at $78,000. J.W. Cole Advisors Inc. purchased a new stake in shares of The Gabelli Utility Trust in the fourth quarter valued at $92,000. Finally, Private Advisor Group LLC lifted its holdings in shares of The Gabelli Utility Trust by 50.6% in the fourth quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 7,087 shares in the last quarter.

The Gabelli Utility Trust Stock Performance

GUT opened at $5.39 on Tuesday. The stock has a fifty day moving average of $5.35 and a 200-day moving average of $5.40. The Gabelli Utility Trust has a 12-month low of $4.97 and a 12-month high of $6.25.

The Gabelli Utility Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be issued a $0.05 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.14%.

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.