Gabelli Utility Trust (NYSE:GUT) Insider Mario J. Gabelli Sells 8,000 Shares

Gabelli Utility Trust (NYSE:GUT) insider Mario J. Gabelli sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $7.79, for a total value of $62,320.00.

Shares of GUT traded up $0.13 during mid-day trading on Friday, reaching $7.92. The company had a trading volume of 5,788 shares, compared to its average volume of 135,010. Gabelli Utility Trust has a twelve month low of $5.71 and a twelve month high of $7.92. The company’s 50-day moving average is $7.63 and its 200-day moving average is $7.26.

Several institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in Gabelli Utility Trust during the 3rd quarter worth about $231,000. First Allied Advisory Services Inc. increased its holdings in shares of Gabelli Utility Trust by 9.1% in the third quarter. First Allied Advisory Services Inc. now owns 36,943 shares of the investment management company’s stock worth $273,000 after acquiring an additional 3,081 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Gabelli Utility Trust by 112.2% during the third quarter. Commonwealth Equity Services LLC now owns 315,592 shares of the investment management company’s stock worth $2,341,000 after purchasing an additional 166,902 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Gabelli Utility Trust by 7.1% during the third quarter. Janney Montgomery Scott LLC now owns 63,274 shares of the investment management company’s stock worth $469,000 after purchasing an additional 4,185 shares during the period. Finally, Sage Rhino Capital LLC raised its position in shares of Gabelli Utility Trust by 51.7% during the third quarter. Sage Rhino Capital LLC now owns 18,200 shares of the investment management company’s stock worth $135,000 after purchasing an additional 6,200 shares during the period.

About 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.

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