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. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Utility Trust was formed on July 9, 1999 and is domiciled in United States.
The Gabelli Utility Trust Stock Down 0.3 %
The Gabelli Utility Trust stock traded down $0.02 during mid-day trading on Friday, reaching $7.87. The company's stock had a trading volume of 108,985 shares, compared to its average volume of 171,993. The Gabelli Utility Trust has a 12 month low of $6.41 and a 12 month high of $8.36. The business's 50 day simple moving average is $7.25 and its 200 day simple moving average is $7.40.
The Gabelli Utility Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 16th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date is Thursday, September 15th.