Kingswood Wealth Advisors LLC Purchases 12,263 Shares of The Gabelli Utility Trust (NYSE:GUT)

Kingswood Wealth Advisors LLC has recently acquired a new stake in The Gabelli Utility Trust (NYSE:GUT) during the fourth quarter, as indicated by their latest filing with the Securities and Exchange Commission. The firm purchased 12,263 shares of the investment management firm's stock, which amounts to a value of around $62,000.

In addition to Kingswood Wealth Advisors, several other institutional investors have also adjusted their holdings in The Gabelli Utility Trust. For instance, Northwestern Mutual Wealth Management Co. significantly increased its shareholding by 601.0% in the second quarter, bringing its total to 5,867 shares, valued at approximately $35,000, after acquiring an additional 5,030 shares during that period. Similarly, Pure Financial Advisors LLC purchased a new position in the third quarter, valued around $78,000.

Moreover, Nations Financial Group Inc. IA ADV raised its stake in the trust by 4.1% during the third quarter, holding now 53,932 shares valued at $280,000 after buying an extra 2,124 shares in that timeframe. Arlington Capital Management Inc. and Wolverine Asset Management LLC also established new positions in the trust, with values of about $286,000 and $378,000 respectively.

Current Trading Status of The Gabelli Utility Trust

The Gabelli Utility Trust’s stock opened at $5.48 on Monday. It has recorded a twelve-month low of $4.97 and a high of $6.25. Currently, the company’s fifty-day moving average stands at $5.32, while the 200-day moving average is $5.47.

Recent Dividend Announcement

Furthermore, The Gabelli Utility Trust recently announced a dividend, which was distributed on January 24th. Investors who were on record as of January 17th received a dividend of $0.05 per share, reflecting a yield of 11.03%. The ex-dividend date was January 16th.

Overview of The Gabelli Utility Trust

The Gabelli Utility Trust is a closed-end equity mutual fund that was established by GAMCO Investors, Inc. Managed by Gabelli Funds, LLC, the fund invests in public equity markets worldwide. Its investments primarily focus on companies that provide essential services, products, or equipment related to electricity generation, gas, water distribution, telecommunications, and infrastructure.

Kingswood, Gabelli, Investment