Gabelli Dividend & Income Trust
87 hedge funds and large institutions have $315M invested in Gabelli Dividend & Income Trust in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
22% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 23
9% more funds holding
Funds holding: 80 → 87 (+7)
1% more capital invested
Capital invested by funds: $313M → $315M (+$2.76M)
0.14% less ownership
Funds ownership: 17.73% → 17.59% (-0.14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.33M |
| 2 |
UR
USCA RIA
Houston,
Texas
|
+$614K |
| 3 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
+$544K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$431K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.45M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.63M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.56M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$718K |
| 5 |
Morgan Stanley
New York
|
-$711K |
GDV Hedge Fund Activity: Q4 2014 in Review
87 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q4 2014, worth a combined $315M — up 0.88% from $313M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new GDV positions and 6 closed out — a net gain of 8 holders — while 28 added to existing stakes and 23 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.33M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $2.45M sold.
- 87 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q4 2014, up from 80 in Q3 2014.
- Funds reported $315M of Gabelli Dividend & Income Trust stock for Q4 2014, up 0.88% quarter-over-quarter.
- 14 funds opened new Gabelli Dividend & Income Trust positions in Q4 2014 and 6 closed out, a net change of +8 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q4 2014 was Karpus Investment Management, an estimated $1.33M added.
- The largest Gabelli Dividend & Income Trust seller in Q4 2014 was 1607 Capital Partners, an estimated $2.45M sold.
Based on aggregated 13F filings for Q4 2014.