The Gabelli Utility Trust (NYSE:GUT) Shares Acquired by Arlington Capital Management Inc.

Arlington Capital Management Inc. increased its stake in shares of The Gabelli Utility Trust (NYSE:GUT) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake 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 valued at $663,000 after acquiring an additional 3,075 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of The Gabelli Utility Trust during the fourth quarter valued at about $473,000. Wealth Enhancement Advisory Services LLC lifted its holdings in The Gabelli Utility Trust by 95.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,434 shares of the investment management company’s stock worth $465,000 after purchasing an additional 43,574 shares during the period. Steward Partners Investment Advisory LLC bought a new position in The Gabelli Utility Trust in the 4th quarter valued at about $440,000. Finally, Private Advisor Group LLC increased its stake 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 valued at $106,000 after acquiring an additional 7,087 shares during the period.

The Gabelli Utility Trust Price Performance

Shares of NYSE GUT opened at $5.35 on Wednesday. The Gabelli Utility Trust has a twelve month low of $4.97 and a twelve month high of $6.25. The firm has a 50-day moving average of $5.38 and a two-hundred day moving average of $5.28.

The Gabelli Utility Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date 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.