The Gabelli Global Utility & Income Trust (GLU)
The Gabelli Global Utility & Income Trust operates in the Asset Management industry of the Financial Services sector, headquartered in Rye, NY, US. The stock last traded at $19.34, up 0.15% on the session, giving a market capitalisation of $115.9M. On trailing twelve-month figures it carries a trailing P/E of 4.04, a net margin of 485.4%. Its beta of 0.77 implies it has historically moved less than the broad market.
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. The fund also invests in income producing securities such as governments. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Global Utility & Income Trust was formed on May 28, 2004 and is based in United States.
The Gabelli Global Utility & Income Trust is most often compared with the following Financial Services names: