The Gabelli Global Utility & Income Trust (GLU) Research

The Gabelli Global Utility & Income Trust (GLU) is a U.S.-based, closed-end investment fund that primarily targets equity investments. Established by GAMCO Investors, Inc., its portfolio is professionally managed by Gabelli Funds, LLC. The Trust seeks to generate income and capital appreciation by investing in public equity markets worldwide, with a strong emphasis on companies operating within the utility and infrastructure sectors. This includes businesses fundamentally involved in providing essential services like electricity, gas, and water, as well as infrastructure development. Beyond these core areas, it also allocates capital to dividend-paying equity securities, including preferred stocks, from other industries. For additional income, the fund diversifies its holdings with income-producing debt instruments, such as government securities. Its investment strategy is not confined to a particular market capitalization, allowing it to invest in companies of all sizes. To assess its performance, the Trust measures its results against several key benchmarks: the S&P 500 Utilities Index, the Lipper Utility Fund Average, and the broader S&P 500 Index. Launched on May 28, 2004, this trust maintains its operational base in the United States.

Market snapshot

Symbol
GLU
Price
$18.80
Day change
+2.29%
Market cap
$112.6M
P/E ratio
3.75x
52-week range
16.76-21.69
Sector
Financial Services
Industry
Asset Management - Income

Peer companies

  • Alger Mid Cap Growth Institutional Fund Class I (ALMRX)
  • Multisector Income Fund - Investor Class (ASIEX)
  • Bancroft Fund Ltd. (BCV)
  • ProFunds Biotechnology UltraSector Fund Service Class (BIPSX)
  • Eaton Vance Senior Income Trust (EVF)
  • The Gabelli Convertible and Income Securities Fund Inc. (GCV)
  • The Gabelli Global Small and Mid Cap Value Trust (GGZ)
  • GAMCO Natural Resources, Gold & Income Trust (GNT)

Recent insider activity

  • Nakamura Eileen Cheigh — trade (0 shares) on 2025-02-13
  • Ball John Chester — P-Purchase (19 shares) on 2024-02-22
  • PLATT NICOLAS W — trade (0 shares) on 2024-02-13
  • GABELLI MARIO J — J-Other (59886 shares) on 2023-12-26
  • GABELLI MARIO J — S-Sale (2298 shares) on 2023-11-20

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