Arlington Capital Management Inc. Acquires 12,963 Shares of The Gabelli Utility Trust (NYSE:GUT)

Arlington Capital Management Inc. grew its stake in The Gabelli Utility Trust (NYSE:GUT) by 23.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 67,962 shares of the investment management company’s stock after buying an additional 12,963 shares during the quarter. Arlington Capital Management Inc.’s holdings in The Gabelli Utility Trust were worth $342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. One Capital Management LLC acquired a new position in shares of The Gabelli Utility Trust during the fourth quarter valued at about $51,000. Kingswood Wealth Advisors LLC acquired a new position in The Gabelli Utility Trust in the fourth quarter valued at approximately $62,000. Sonora Investment Management Group LLC raised its position in shares of The Gabelli Utility Trust by 20.0% in the 4th quarter. Sonora Investment Management Group LLC now owns 14,419 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 2,404 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of The Gabelli Utility Trust in the 4th quarter valued at $92,000. Finally, Private Advisor Group LLC raised its position in shares of The Gabelli Utility Trust by 50.6% during the fourth quarter. Private Advisor Group LLC now owns 21,086 shares of the investment management company’s stock worth $106,000 after purchasing an additional 7,087 shares during the period.

The Gabelli Utility Trust Price Performance

GUT opened at $5.35 on Wednesday. The business’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $5.28. The Gabelli Utility Trust has a 1 year low of $4.97 and a 1 year high of $6.25.

The Gabelli Utility Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, 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.