Advisors Asset Management Inc. Cuts Position in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)

Advisors Asset Management Inc. cut its stake in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLUGet Rating) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,625 shares of the company’s stock after selling 796 shares during the period. Advisors Asset Management Inc.’s holdings in The Gabelli Global Utility & Income Trust were worth $574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLU. Prospera Financial Services Inc lifted its stake in The Gabelli Global Utility & Income Trust by 43.4% in the second quarter. Prospera Financial Services Inc now owns 28,786 shares of the company’s stock worth $464,000 after purchasing an additional 8,711 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in The Gabelli Global Utility & Income Trust in the second quarter worth $102,000. Finally, Walker Asset Management LLC bought a new stake in The Gabelli Global Utility & Income Trust in the second quarter worth $1,741,000.

The Gabelli Global Utility & Income Trust Stock Performance

The Gabelli Global Utility & Income Trust stock opened at $14.59 on Friday. The Gabelli Global Utility & Income Trust has a twelve month low of $13.14 and a twelve month high of $22.18.

The Gabelli Global Utility & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend is Thursday, March 16th.

The Gabelli Global Utility & Income Trust Profile

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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.

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Institutional Ownership by Quarter for The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)

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