The Gabelli Global Utility & Income Trust (NYSE:GLU) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in The Gabelli Global Utility & Income Trust (NYSE:GLU) by 1,548.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,685 shares of the company’s stock after purchasing an additional 41,035 shares during the period. International Assets Investment Management LLC’s holdings in The Gabelli Global Utility & Income Trust were worth $720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GLU. Private Advisor Group LLC lifted its position in shares of The Gabelli Global Utility & Income Trust by 14.4% during the 3rd quarter. Private Advisor Group LLC now owns 44,929 shares of the company’s stock valued at $741,000 after acquiring an additional 5,641 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of The Gabelli Global Utility & Income Trust by 8.0% during the 2nd 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 purchasing an additional 994 shares during the last quarter. Shaker Financial Services LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the 2nd quarter worth approximately $326,000. Finally, Comerica Bank raised its position in shares of The Gabelli Global Utility & Income Trust by 63.6% during the 1st quarter. Comerica Bank now owns 2,199 shares of the company’s stock worth $32,000 after purchasing an additional 855 shares during the last quarter.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of The Gabelli Global Utility & Income Trust stock opened at $16.20 on Wednesday. The Gabelli Global Utility & Income Trust has a 1 year low of $11.75 and a 1 year high of $17.18. The business has a 50 day moving average price of $16.04 and a 200 day moving average price of $14.97.

The Gabelli Global Utility & Income Trust Announces Dividend

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

About The Gabelli Global Utility & Income Trust

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.