Advisortrust Partners LLC Buys Shares of 41,004 The Gabelli Global Utility & Income Trust $GLU

Advisortrust Partners LLC bought a new stake in The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) in the 4th quarter, Holdings Channel reports. The institutional investor bought 41,004 shares of the company’s stock, valued at approximately $790,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Corient Private Wealth LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust in the 4th quarter valued at $278,000. Cornerstone Advisors LLC lifted 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 buying an additional 6,584 shares in the last quarter. Raymond James Financial Inc. grew 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 purchasing an additional 4,015 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of The Gabelli Global Utility & Income Trust by 5.1% in the third quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock worth $1,383,000 after buying an additional 3,721 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 4th quarter valued at about $56,000.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of GLU opened at $18.80 on Friday. The stock has a 50 day moving average of $19.45 and a 200-day moving average of $19.68. The Gabelli Global Utility & Income Trust has a 52 week low of $16.76 and a 52 week high of $21.69.

The Gabelli Global Utility & Income Trust Dividend Announcement

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

About The Gabelli Global Utility & Income Trust

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.