Wolverine Asset Management LLC Makes New Investment in The Gabelli Global Utility & Income Trust $GLU

Wolverine Asset Management LLC purchased a new stake in The Gabelli Global Utility & Income Trust (NYSE:GLU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,445 shares of the company’s stock, valued at approximately $94,000.

Separately, Private Advisor Group LLC increased its stake in shares of The Gabelli Global Utility & Income Trust by 27.6% in the first quarter. Private Advisor Group LLC now owns 60,793 shares of the company’s stock valued at $988,000 after purchasing an additional 13,158 shares during the period.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of NYSE:GLU opened at $18.19 on Tuesday. The firm’s 50 day moving average is $18.07 and its two-hundred day moving average is $17.43. The Gabelli Global Utility & Income Trust has a 52 week low of $14.07 and a 52 week high of $18.44.

The Gabelli Global Utility & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 6.6%.

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.