Raymond James & Associates Lowers Stock Holdings in The Gabelli Global Utility & Income Trust (NYSE:GLU)

Raymond James & Associates trimmed its holdings in shares of The Gabelli Global Utility & Income Trust (NYSE:GLUFree Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,527 shares of the company’s stock after selling 927 shares during the period. Raymond James & Associates’ holdings in The Gabelli Global Utility & Income Trust were worth $237,000 as of its most recent SEC filing.

The Gabelli Global Utility & Income Trust Stock Up 0.4 %

GLU stock opened at $13.31 on Wednesday. The firm’s 50 day simple moving average is $13.23. The Gabelli Global Utility & Income Trust has a 52-week low of $11.61 and a 52-week high of $15.40.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, February 22nd. Investors of record on Wednesday, February 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 13th.

Insiders Place Their Bets

In other The Gabelli Global Utility & Income Trust news, insider Mario J. Gabelli sold 2,298 shares of The Gabelli Global Utility & Income Trust stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $50.35, for a total value of $115,704.30. Following the completion of the sale, the insider now owns 76,000 shares of the company’s stock, valued at approximately $3,826,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

The Gabelli Global Utility & Income Trust Company Profile

(Free Report)

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 (NYSE:GLU)

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