Gabelli Dividend & Income Trust
79 hedge funds and large institutions have $315M invested in Gabelli Dividend & Income Trust in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 14 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 23
0.92% less ownership
Funds ownership: 19.14% → 18.22% (-0.92%)
6% less capital invested
Capital invested by funds: $333M → $315M (-$19M)
8% less funds holding
Funds holding: 86 → 79 (-7)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.05M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.98M |
| 3 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
+$1.44M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$531K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$445K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.15M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.63M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$2.24M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.13M |
GDV Hedge Fund Activity: Q1 2014 in Review
79 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2014, worth a combined $315M — down 5.7% from $333M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of GDV and 8 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 25 added.
The largest buyer was Raymond James & Associates, adding an estimated $2.05M. The largest seller was Invesco, cutting an estimated $3.63M.
- 79 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2014, down from 86 in Q4 2013.
- Funds reported $315M of Gabelli Dividend & Income Trust stock for Q1 2014, down 5.7% quarter-over-quarter.
- 8 funds opened new Gabelli Dividend & Income Trust positions in Q1 2014 and 14 closed out, a net change of -6 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q1 2014 was Raymond James & Associates, an estimated $2.05M added.
- The largest Gabelli Dividend & Income Trust seller in Q1 2014 was Invesco, an estimated $3.63M sold.
Based on aggregated 13F filings for Q1 2014.