Sell Gabelli Utility Trust: Even Management Says Premium To NAV Is 'Excessive And Unsustainable' [Seeking Alpha]
Gabelli Utility Trust (The) (GUT)
US:NYSE Investor Relations:
gabelli.com/closed
Company Research
Source: Seeking Alpha
Sell Gabelli Utility Trust: Even Management Says Premium To NAV Is 'Excessive And Unsustainable' Summary Utility sector focused closed-end fund trades at a concerning premium to NAV of 51.5%. Fund performance has been strong this year benefiting from environment favoring defensive type stocks and a trend lower in interest rates, but we note utilities sector valuations appear expensive. GUT presents higher risk at current levels and will likely under perform to the downside during a market correction. Gabelli Utility Trust This article presents an overview of the fund and our reasons why we rate GUT as a sell. GUT stock price chart. Source: FinViz.com Premium to NAV It's not often we come across statements by the fund's own management team serving as a warning that the premium to NAV is excessive and unsustainable. That's exactly what was included in GUT's last quarterly update As a refresher for our shareholders, the price of a closed-end fund is determined in the open market by willi
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GUT
News
- Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per ShareGlobeNewswire
- Gabelli Utility Trust Rights Offering Concludes Raising $58 MillionGlobeNewswire
- GUT: 2024 Rights Offering Underway [Seeking Alpha]Seeking Alpha
- How To Use CEF Discounts To NAV The Right Way [Forbes]Forbes
GUT
Sec Filings
- 12/20/24 - Form 4
- 11/29/24 - Form NPORT-P
- 11/26/24 - Form 4
- GUT's page on the SEC website