Private Advisor Group LLC Purchases 5,641 Shares of The Gabelli Global Utility & Income Trust (NYSE:GLU)

Private Advisor Group LLC raised its position in The Gabelli Global Utility & Income Trust (NYSE:GLU) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,929 shares of the company’s stock after purchasing an additional 5,641 shares during the period. Private Advisor Group LLC’s holdings in The Gabelli Global Utility & Income Trust were worth $741,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Comerica Bank increased its stake in The Gabelli Global Utility & Income Trust by 63.6% in the first quarter. Comerica Bank now owns 2,199 shares of the company’s stock valued at $32,000 after purchasing an additional 855 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the second quarter worth $37,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of The Gabelli Global Utility & Income Trust by 8.0% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,444 shares of the company’s stock worth $186,000 after acquiring an additional 994 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the second quarter worth $326,000.

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU stock opened at $15.95 on Friday. The firm has a fifty day moving average of $16.02 and a 200-day moving average of $14.93. The Gabelli Global Utility & Income Trust has a 12-month low of $11.75 and a 12-month high of $17.18.

The Gabelli Global Utility & Income Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 14th.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.