Advisortrust Partners LLC Makes New $790,000 Investment in The Gabelli Global Utility & Income Trust $GLU

Advisortrust Partners LLC acquired a new position in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,004 shares of the company’s stock, valued at approximately $790,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in The Gabelli Global Utility & Income Trust by 29.4% during the 2nd quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock valued at $306,000 after acquiring an additional 4,015 shares during the period. Cornerstone Advisors LLC increased its holdings in The Gabelli Global Utility & Income Trust by 313.5% in the 3rd quarter. Cornerstone Advisors LLC now owns 8,684 shares of the company’s stock worth $157,000 after acquiring an additional 6,584 shares in the last quarter. Private Advisor Group LLC raised its position in shares of The Gabelli Global Utility & Income Trust by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock valued at $1,383,000 after purchasing an additional 3,721 shares during the period. International Assets Investment Management LLC bought a new position in shares of The Gabelli Global Utility & Income Trust in the fourth quarter worth about $53,000. Finally, LPL Financial LLC grew its holdings in The Gabelli Global Utility & Income Trust by 5.4% during the 4th quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock valued at $855,000 after buying an additional 2,291 shares in the last quarter.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of NYSEAMERICAN GLU opened at $18.80 on Friday. The firm’s 50-day moving average price is $19.45 and its 200-day moving average price is $19.68. The Gabelli Global Utility & Income Trust has a 12-month low of $16.76 and a 12-month high of $21.69.

The Gabelli Global Utility & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.11 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Wednesday, September 16th.

The Gabelli Global Utility & Income Trust Profile

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end management investment company that seeks to provide shareholders with current dividend income and capital appreciation. The trust primarily invests in equity and debt securities of utility and utility-related companies around the world. Its portfolio includes common stocks, preferred shares and corporate bonds issued by firms engaged in electric, gas, water and telecommunications services, as well as infrastructure businesses that support these industries.

GLU’s investment approach emphasizes established, dividend-paying companies with the potential for steady earnings and cash flow.