Gabelli Dividend & Income Trust
89 hedge funds and large institutions have $280M invested in Gabelli Dividend & Income Trust in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 9 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 22
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
0.28% less ownership
Funds ownership: 17.89% → 17.62% (-0.28%)
1% less capital invested
Capital invested by funds: $283M → $280M (-$2.98M)
3% less funds holding
Funds holding: 92 → 89 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$4.43M |
| 2 |
Morgan Stanley
New York
|
+$1.89M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.1M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.06M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$6.95M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.82M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$3.93M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.27M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$408K |
GDV Hedge Fund Activity: Q3 2016 in Review
89 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q3 2016, worth a combined $280M — down 1.1% from $283M a quarter earlier.
Fund positioning in GDV was balanced in Q3 2016: 9 funds opened new positions, 9 closed out, 35 added to existing stakes and 22 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $4.43M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $6.95M sold.
- 89 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q3 2016, down from 92 in Q2 2016.
- Funds reported $280M of Gabelli Dividend & Income Trust stock for Q3 2016, down 1.1% quarter-over-quarter.
- 9 funds opened new Gabelli Dividend & Income Trust positions in Q3 2016 and 9 closed out, a net change of 0 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q3 2016 was Shaker Financial Services, an estimated $4.43M added.
- The largest Gabelli Dividend & Income Trust seller in Q3 2016 was Lazard Asset Management, an estimated $6.95M sold.
Based on aggregated 13F filings for Q3 2016.