Gabelli Utility Trust (GUT): Bruce N Alpert , President of Gabelli Utility Trust purchased 2,700 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.00 per share for a total value of $67,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 6, 2016, Lynch, Pierce, Fenner Merrill (10% owner other) purchased 34 shares at $25.68 per share price.
Shares of Gabelli Utility Trust (GUT) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.46% at $6.56 with 77,794 shares getting traded. Post opening the session at $6.62, the shares hit an intraday low of $6.56 and an intraday high of $6.64 and the price vacillated in this range throughout the day. The company has a market cap of $100 M and the number of outstanding shares has been calculated to be 1,51,80,000 shares. The 52-week high of Gabelli Utility Trust is $7.11 and the 52-week low is $5.43.
The Gabelli Utility Trust (the Fund) is a United States-based diversified closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund invests 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products services or equipment for the generation or distribution of electricity gas and water and telecommunications services or infrastructure operations (the 80% Policy). The 80% Policy may be changed without shareholder approval. The Fund’s portfolio of sectors includes electric integrated electric transmission and distribution natural gas utilities cable and satellite and integrated natural gas. The Fund also invests in companies in telecommunications services or infrastructure operations.