LPL Financial LLC cut its holdings in shares of Gabelli Utility Trust (NYSE:GUT) by 40.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,857 shares of the investment management company’s stock after selling 17,135 shares during the period. LPL Financial LLC owned about 0.06% of Gabelli Utility Trust worth $176,000 as of its most recent SEC filing.
Separately, Advisor Group Inc. increased its stake in Gabelli Utility Trust by 64.4% during the fourth quarter. Advisor Group Inc. now owns 20,930 shares of the investment management company’s stock worth $148,000 after purchasing an additional 8,200 shares during the period.
NYSE:GUT traded down $0.04 on Friday, reaching $5.75. 288,998 shares of the company’s stock were exchanged, compared to its average volume of 147,997. Gabelli Utility Trust has a 52-week low of $5.71 and a 52-week high of $7.20.
Gabelli Utility Trust Profile
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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