Sonora Investment Management Group LLC Boosts Stock Position in The Gabelli Utility Trust (NYSE:GUT)

Sonora Investment Management Group LLC increased its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,419 shares of the investment management company’s stock after acquiring an additional 2,404 shares during the quarter. Sonora Investment Management Group LLC’s holdings in The Gabelli Utility Trust were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kingswood Wealth Advisors LLC bought a new position in The Gabelli Utility Trust during the 4th quarter worth approximately $62,000. Janney Montgomery Scott LLC grew its position in The Gabelli Utility Trust by 2.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 131,800 shares of the investment management company’s stock worth $663,000 after acquiring an additional 3,075 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in The Gabelli Utility Trust by 95.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after acquiring an additional 43,574 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in The Gabelli Utility Trust by 4.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,932 shares of the investment management company’s stock worth $280,000 after acquiring an additional 2,124 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of The Gabelli Utility Trust in the 3rd quarter worth approximately $378,000.

The Gabelli Utility Trust Trading Up 0.4 %

Shares of GUT stock opened at $5.48 on Friday. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two week high of $6.25. The business’s 50 day moving average price is $5.31 and its 200-day moving average price is $5.48.

The Gabelli Utility Trust Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were given a $0.05 dividend. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 11.03%.

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.