Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) Trading Down 0.4%

Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) dropped 0.4% during trading on Monday . The company traded as low as $18.34 and last traded at $18.34, approximately 713 shares were traded during trading. A decline of 97% from the average daily volume of 22,603 shares. The stock had previously closed at $18.42.

The company also recently announced a monthly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 16th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Thursday, August 15th.

An institutional investor recently raised its position in Gabelli Global Utility & Income Trust Closed-Ended Fund stock. Zazove Associates LLC raised its stake in Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) by 820.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,045 shares of the company’s stock after buying an additional 141,774 shares during the quarter. Zazove Associates LLC’s holdings in Gabelli Global Utility & Income Trust Closed-Ended Fund were worth $162,000 at the end of the most recent quarter.

About Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU)

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.

Further Reading: Trade Deficit

Receive News & Ratings for Gabelli Global Utility & Income Trust Closed-Ended Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gabelli Global Utility & Income Trust Closed-Ended Fund and related companies with MarketBeat.com's FREE daily email newsletter.