The Gabelli Global Utility & Income Trust (NYSE:GLU) Insider Sells $215,460.00 in Stock

The Gabelli Global Utility & Income Trust (NYSE:GLU) insider Mario J. Gabelli sold 4,275 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $50.40, for a total value of $215,460.00. Following the sale, the insider now owns 71,725 shares of the company’s stock, valued at $3,614,940. This represents a 5.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The Gabelli Global Utility & Income Trust Trading Down 0.1 %

GLU stock traded down $0.01 during midday trading on Monday, hitting $16.45. The company’s stock had a trading volume of 16,274 shares, compared to its average volume of 13,924. The Gabelli Global Utility & Income Trust has a 12 month low of $12.91 and a 12 month high of $17.44. The company has a 50 day moving average of $16.33 and a two-hundred day moving average of $15.25.

The Gabelli Global Utility & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 7.29%.

Institutional Trading of The Gabelli Global Utility & Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its stake in The Gabelli Global Utility & Income Trust by 63.6% during 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 purchased a new position in shares of The Gabelli Global Utility & Income Trust in the 2nd quarter worth $37,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of The Gabelli Global Utility & Income Trust by 8.0% in 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 buying an additional 994 shares during the last quarter. Shaker Financial Services LLC purchased a new stake in shares of The Gabelli Global Utility & Income Trust during the 2nd quarter valued at about $326,000. Finally, Private Advisor Group LLC lifted its holdings in shares of The Gabelli Global Utility & Income Trust by 14.4% in 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 last quarter.

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.