Wolverine Asset Management LLC Invests $177,000 in The Gabelli Global Utility & Income Trust (NYSE:GLU)

Wolverine Asset Management LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust (NYSE:GLU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,400 shares of the company’s stock, valued at approximately $177,000.

Separately, Private Advisor Group LLC bought a new position in shares of The Gabelli Global Utility & Income Trust during the 3rd quarter valued at $517,000.

The Gabelli Global Utility & Income Trust Stock Performance

GLU stock opened at $14.07 on Friday. The Gabelli Global Utility & Income Trust has a 1 year low of $11.61 and a 1 year high of $15.25. The stock’s fifty day moving average price is $13.82 and its 200-day moving average price is $13.23.

The Gabelli Global Utility & Income Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 15th.

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.