Michael J. Melarkey Sells 1,092 Shares of The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Stock

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Director Michael J. Melarkey sold 1,092 shares of The Gabelli Global Utility & Income Trust stock in a transaction on Friday, July 28th. The shares were sold at an average price of $49.74, for a total transaction of $54,316.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Gabelli Global Utility & Income Trust Trading Down 2.6 %

NYSEAMERICAN GLU opened at $14.12 on Friday. The Gabelli Global Utility & Income Trust has a 1 year low of $13.09 and a 1 year high of $16.70.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 15th will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 8.50%.

Institutional Trading of The Gabelli Global Utility & Income Trust

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in The Gabelli Global Utility & Income Trust by 14.0% during the second quarter. Osaic Holdings Inc. now owns 37,356 shares of the company’s stock valued at $531,000 after buying an additional 4,600 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in The Gabelli Global Utility & Income Trust during the second quarter valued at about $167,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in The Gabelli Global Utility & Income Trust during the second quarter valued at about $6,923,000. Allworth Financial LP bought a new position in The Gabelli Global Utility & Income Trust during the second quarter valued at about $38,000. Finally, UBS Group AG grew its position in The Gabelli Global Utility & Income Trust by 46.8% during the first quarter. UBS Group AG now owns 13,326 shares of the company’s stock valued at $195,000 after buying an additional 4,249 shares during the period.

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.