The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Share Price Passes Above 50-Day Moving Average of $0.00

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $14.70. The Gabelli Global Utility & Income Trust shares last traded at $14.23, with a volume of 17,232 shares.

The Gabelli Global Utility & Income Trust Price Performance

Hedge Funds Weigh In On The Gabelli Global Utility & Income Trust

A number of institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its position in The Gabelli Global Utility & Income Trust by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 37,356 shares of the company’s stock worth $531,000 after purchasing an additional 4,600 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 2nd quarter valued at $167,000. UBS Group AG raised its position in shares of The Gabelli Global Utility & Income Trust by 46.8% during the first quarter. UBS Group AG now owns 13,326 shares of the company’s stock worth $195,000 after acquiring an additional 4,249 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of The Gabelli Global Utility & Income Trust by 36.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,500 shares of the company’s stock valued at $204,000 after acquiring an additional 3,900 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in The Gabelli Global Utility & Income Trust by 5.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 39,804 shares of the company’s stock valued at $561,000 after acquiring an additional 2,150 shares during the last quarter.

About The Gabelli Global Utility & Income Trust

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.