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Gabelli Global Utility & Income Trust Appoints Nicolas W. Platt to Board of Trustees
Globe Newswire (Tue, 26-Mar 7:52 AM ET)
Globe Newswire (Wed, 14-Feb 8:07 AM ET)
The Fund’s investment objective is to seek a consistent level of after-tax total return over the long term with an emphasis currently on qualified dividends. The Fund will attempt to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in equity securities (including preferred securities) of domestic and foreign 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.
Gabelli Global Util & Income Trust trades on the AMEX stock market under the symbol GLU.
As of March 28, 2024, GLU stock price climbed to $14.58 with 9,190 million shares trading.
GLU has a market cap of $87.03 million. This is considered a Micro Cap stock.
In the last 3 years, GLU stock traded as high as $24.05 and as low as $11.61.
GLU stock has underperformed the market in the last year with a return of +12.0%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GLU shares. However, GLU has outperformed the market in the last 3 month and 2 week periods, returning +12.7% and +7.5%, while SPY returned +10.1% and +1.7%, respectively. This indicates GLU has been having a stronger performance recently.
GLU support price is $14.14 and resistance is $14.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLU stock will trade within this expected range on the day.