Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) Stock Price Up 0.8%

Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) shares were up 0.8% on Friday . The stock traded as high as $18.85 and last traded at $18.81, approximately 3,624 shares were traded during trading. A decline of 80% from the average daily volume of 18,089 shares. The stock had previously closed at $18.67.

In other Gabelli Global Utility & Income Trust Closed-Ended Fund news, Director James P. Conn sold 3,731 shares of Gabelli Global Utility & Income Trust Closed-Ended Fund stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $17.93, for a total value of $66,896.83. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $17,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A number of institutional investors and hedge funds have recently made changes to their positions in GLU. Mid Atlantic Financial Management Inc. ADV acquired a new stake in shares of Gabelli Global Utility & Income Trust Closed-Ended Fund in the 2nd quarter valued at approximately $216,000. LPL Financial LLC grew its holdings in Gabelli Global Utility & Income Trust Closed-Ended Fund by 11.4% during the second quarter. LPL Financial LLC now owns 14,447 shares of the company’s stock worth $272,000 after acquiring an additional 1,475 shares during the period. Zazove Associates LLC grew its holdings in Gabelli Global Utility & Income Trust Closed-Ended Fund by 820.9% during the second quarter. Zazove Associates LLC now owns 159,045 shares of the company’s stock worth $162,000 after acquiring an additional 141,774 shares during the period. Morgan Stanley raised its position in Gabelli Global Utility & Income Trust Closed-Ended Fund by 2.3% in the second quarter. Morgan Stanley now owns 177,226 shares of the company’s stock worth $3,335,000 after acquiring an additional 3,916 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Gabelli Global Utility & Income Trust Closed-Ended Fund by 1.6% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 370,159 shares of the company’s stock worth $6,966,000 after acquiring an additional 5,958 shares in the last 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.

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