Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $18.33. Gabelli Global Utility & Income Trust Closed-Ended Fund shares last traded at $18.33, with a volume of 334 shares traded.

In other news, insider Mario J. Gabelli sold 663 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $52.00, for a total value of $34,476.00. Following the sale, the insider now directly owns 59,886 shares of the company’s stock, valued at approximately $3,114,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Conn sold 3,731 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $17.93, for a total transaction of $66,896.83. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at $17,930. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,034 shares of company stock worth $183,431.

Several hedge funds have recently added to or reduced their stakes in the company. Zazove Associates LLC lifted its stake in shares of Gabelli Global Utility & Income Trust Closed-Ended Fund by 820.9% in the 2nd quarter. Zazove Associates LLC now owns 159,045 shares of the company’s stock valued at $162,000 after purchasing an additional 141,774 shares during the period. Mid Atlantic Financial Management Inc. ADV acquired a new position in shares of Gabelli Global Utility & Income Trust Closed-Ended Fund in the 2nd quarter valued at $216,000. LPL Financial LLC lifted its stake in shares of Gabelli Global Utility & Income Trust Closed-Ended Fund by 11.4% in the 2nd quarter. LPL Financial LLC now owns 14,447 shares of the company’s stock valued at $272,000 after purchasing an additional 1,475 shares during the period. Morgan Stanley lifted its stake in shares of Gabelli Global Utility & Income Trust Closed-Ended Fund by 2.3% in the 2nd quarter. Morgan Stanley now owns 177,226 shares of the company’s stock valued at $3,335,000 after purchasing an additional 3,916 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Gabelli Global Utility & Income Trust Closed-Ended Fund by 1.6% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 370,159 shares of the company’s stock valued at $6,966,000 after purchasing an additional 5,958 shares during the period.

Gabelli Global Utility & Income Trust Closed-Ended Fund Company Profile (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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