Gabelli Dividend & Income Trust
91 hedge funds and large institutions have $296M invested in Gabelli Dividend & Income Trust in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 11 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
3% less capital invested
Capital invested by funds: $306M → $296M (-$9.69M)
1.29% less ownership
Funds ownership: 18.51% → 17.22% (-1.3%)
8% less funds holding
Funds holding: 99 → 91 (-8)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.38M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.39M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$866K |
| 4 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$434K |
| 5 |
Millennium Management
New York
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$14.3M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.13M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$921K |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$891K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
SEI Investments
Oaks,
Pennsylvania
| – | -$13K | -654 | Closed |
|
|
CTC
102
Central Trust Company
Jefferson City,
Missouri
| – | -$6K | -300 | Closed |
|
GDV Hedge Fund Activity: Q1 2017 in Review
91 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2017, worth a combined $296M — down 3.2% from $306M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GDV and 6 opened new positions — a net loss of 5 holders — while 27 trimmed existing stakes and 31 added.
The largest buyer was Morgan Stanley, adding an estimated $2.38M. The largest seller was Karpus Investment Management, cutting an estimated $14.3M.
- 91 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2017, down from 99 in Q4 2016.
- Funds reported $296M of Gabelli Dividend & Income Trust stock for Q1 2017, down 3.2% quarter-over-quarter.
- 6 funds opened new Gabelli Dividend & Income Trust positions in Q1 2017 and 11 closed out, a net change of -5 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $2.38M added.
- The largest Gabelli Dividend & Income Trust seller in Q1 2017 was Karpus Investment Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q1 2017.