10,992 Shares in The Gabelli Utility Trust (NYSE:GUT) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new position in The Gabelli Utility Trust (NYSE:GUT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,992 shares of the investment management company’s stock, valued at approximately $55,000.

Several other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $25,000. One Capital Management LLC purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $51,000. Kingswood Wealth Advisors LLC purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $62,000. Sonora Investment Management Group LLC lifted its stake in 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 worth $73,000 after purchasing an additional 2,404 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in The Gabelli Utility Trust in the 4th quarter worth approximately $92,000.

The Gabelli Utility Trust Price Performance

GUT opened at $5.33 on Friday. The company’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.29. The Gabelli Utility Trust has a 1-year low of $4.71 and a 1-year high of $6.19.

The Gabelli Utility Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend is Tuesday, September 16th.

The Gabelli Utility Trust Company Profile

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.