Gabelli Dividend & Income Trust
90 hedge funds and large institutions have $292M invested in Gabelli Dividend & Income Trust in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 17 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 27
0.78% less ownership
Funds ownership: 19.46% → 18.68% (-0.78%)
8% less funds holding
Funds holding: 98 → 90 (-8)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
51% less capital inflows, than outflows
Capital inflows: $11.7M | Capital outflows: $23.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.44M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.36M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.07M |
| 4 |
Cohen & Steers
New York
|
+$1.02M |
| 5 |
Citigroup
New York
|
+$718K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.47M |
| 3 |
Morgan Stanley
New York
|
-$3.2M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.71M |
| 5 |
SG Americas Securities
New York
|
-$1.4M |
GDV Hedge Fund Activity: Q1 2016 in Review
90 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2016, worth a combined $292M — down 2.2% from $298M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GDV and 10 opened new positions — a net loss of 7 holders — while 27 trimmed existing stakes and 28 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.44M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $3.7M sold.
- 90 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2016, down from 98 in Q4 2015.
- Funds reported $292M of Gabelli Dividend & Income Trust stock for Q1 2016, down 2.2% quarter-over-quarter.
- 10 funds opened new Gabelli Dividend & Income Trust positions in Q1 2016 and 17 closed out, a net change of -7 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q1 2016 was Karpus Investment Management, an estimated $3.44M added.
- The largest Gabelli Dividend & Income Trust seller in Q1 2016 was Raymond James Financial Services Advisors, an estimated $3.7M sold.
Based on aggregated 13F filings for Q1 2016.