The Gabelli Global Utility & Income Trust (GLU) To Go Ex-Dividend on March 17th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, November 11th. Shareholders of record on Wednesday, March 17th will be given a dividend of $0.11 per share on Wednesday, March 24th. This represents a $1.32 annualized dividend and a yield of 6.9%. The ex-dividend date is Wednesday, March 17th.

The Gabelli Global Utility & Income Trust Trading Up 0.7%

NYSEAMERICAN:GLU opened at $19.06 on Friday. The stock has a 50 day moving average of $18.15 and a two-hundred day moving average of $19.29. The Gabelli Global Utility & Income Trust has a 12 month low of $17.20 and a 12 month high of $21.69.

Institutional Trading of The Gabelli Global Utility & Income Trust

A number of institutional investors have recently made changes to their positions in the company. Sigma Planning Corp increased its position in shares of The Gabelli Global Utility & Income Trust by 8.5% during the third quarter. Sigma Planning Corp now owns 15,545 shares of the company’s stock worth $276,000 after purchasing an additional 1,217 shares in the last quarter. Private Advisor Group LLC raised its stake in The Gabelli Global Utility & Income Trust by 1.7% in the 3rd quarter. Private Advisor Group LLC now owns 80,168 shares of the company’s stock valued at $1,422,000 after purchasing an additional 1,342 shares during the last quarter. Fifth Third Bancorp acquired a new position in The Gabelli Global Utility & Income Trust in the 1st quarter valued at $44,000. Finally, Advisortrust Partners LLC lifted its holdings in The Gabelli Global Utility & Income Trust by 62.5% in the 1st quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock valued at $1,276,000 after purchasing an additional 25,618 shares in the last quarter.

About The Gabelli Global Utility & Income Trust

The Gabelli Global Utility & Income Trust (NYSEAMERICAN: GLU) is a diversified, closed-end management investment company. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in equity and debt securities issued by companies operating in the utility and related industries. Its investment universe may include electric, gas, water, telecommunications, cable, satellite, and power companies, as well as other businesses connected to utility infrastructure and essential services.