Gabelli Dividend & Income Trust
97 hedge funds and large institutions have $305M invested in Gabelli Dividend & Income Trust in 2017 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 36 increasing their positions, 22 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
64% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 22
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
7% more funds holding
Funds holding: 91 → 97 (+6)
3% more capital invested
Capital invested by funds: $296M → $305M (+$9.26M)
0.25% less ownership
Funds ownership: 17.22% → 16.98% (-0.25%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$4.11M |
| 2 |
Morgan Stanley
New York
|
+$2.22M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$424K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$385K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$287K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.51M |
| 2 |
Cohen & Steers
New York
|
-$2.45M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.04M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.03M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$906K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
101
Brinker Capital
Berwyn,
Pennsylvania
| – | -$742K | -35,558 | Closed |
|
|
CWM
102
Concert Wealth Management
San Jose,
California
| – | -$517K | -25,794 | Closed |
|
|
IAA
103
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$339K | -16,318 | Closed |
|
|
PFS
104
Prospera Financial Services
Dallas,
Texas
| – | -$318K | -15,255 | Closed |
|
|
SKK
105
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$307K | -14,700 | Closed |
|
|
CG
106
Caprock Group
Boise,
Idaho
| – | -$261K | -12,500 | Closed |
|
|
HCA
107
Harbour Capital Advisors
Tysons Corner,
Virginia
| – | -$97K | -4,650 | Closed |
|
108
Envestnet Asset Management
Chicago,
Illinois
| – | -$52.8K | -2,459 | -100% |
|
|
VWM
109
Valley Wealth Managers
Paramus,
New Jersey
| – | -$21K | -1,000 | Closed |
|
|
AF
110
Allworth Financial
Folsom,
California
| – | -$4K | -179 | Closed |
|
GDV Hedge Fund Activity: Q2 2017 in Review
97 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q2 2017, worth a combined $305M — up 3.1% from $296M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GDV positions and 11 closed out — a net gain of 6 holders — while 36 added to existing stakes and 22 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $4.11M. The largest seller was LPL Financial, cutting an estimated $2.51M.
- 97 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q2 2017, up from 91 in Q1 2017.
- Funds reported $305M of Gabelli Dividend & Income Trust stock for Q2 2017, up 3.1% quarter-over-quarter.
- 17 funds opened new Gabelli Dividend & Income Trust positions in Q2 2017 and 11 closed out, a net change of +6 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q2 2017 was Shaker Financial Services, an estimated $4.11M added.
- The largest Gabelli Dividend & Income Trust seller in Q2 2017 was LPL Financial, an estimated $2.51M sold.
Based on aggregated 13F filings for Q2 2017.