Dividend and Income Fund
DNI
DNI was delisted on the 8th of October, 2020.
32 hedge funds and large institutions have $32.3M invested in Dividend and Income Fund in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 6 closing their positions.
2% more capital invested
Capital invested by funds: $31.7M → $32.3M (+$632K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
9% less funds holding
Funds holding: 35 → 32 (-3)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$1.48M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$789K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$483K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.82M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$544K |
| 3 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$214K |
| 4 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$170K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$126K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $87K | -$5.67K | -500 | -6% |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $44K | -$46.8K | -4,125 | -53% |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $9K | – | – | – |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $8K | – | – | – |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| $7K | +$6.8K | +600 | New |
|
31
SEI Investments
Oaks,
Pennsylvania
| $6K | – | – | – |
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1K | +$499 | +44 | New |
|
|
KIM
33
Karpus Investment Management
Pittsford,
New York
| – | -$4.82M | -429,746 | Closed |
|
|
CRC
34
Curi RMB Capital
Chicago,
Illinois
| – | -$544K | -48,547 | Closed |
|
|
SBIA
35
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$214K | -19,100 | Closed |
|
|
TCM
36
Traynor Capital Management
Malvern,
Pennsylvania
| – | -$170K | -15,548 | Closed |
|
|
BFEC
37
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$8K | -700 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
DNI Hedge Fund Activity: Q4 2016 in Review
32 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Dividend and Income Fund (DNI) for Q4 2016, worth a combined $32.3M — up 2% from $31.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DNI and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Ancora Advisors, opening a new position worth an estimated $1.48M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $4.82M sold.
- 32 institutional investors held Dividend and Income Fund (DNI) as of Q4 2016, down from 35 in Q3 2016.
- Funds reported $32.3M of Dividend and Income Fund stock for Q4 2016, up 2% quarter-over-quarter.
- 4 funds opened new Dividend and Income Fund positions in Q4 2016 and 6 closed out, a net change of -2 holders.
- The largest Dividend and Income Fund buyer in Q4 2016 was Ancora Advisors, an estimated $1.48M added.
- The largest Dividend and Income Fund seller in Q4 2016 was Karpus Investment Management, an estimated $4.82M sold.
Based on aggregated 13F filings for Q4 2016.