Gabelli Dividend & Income Trust
92 hedge funds and large institutions have $283M invested in Gabelli Dividend & Income Trust in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
2% more funds holding
Funds holding: 90 → 92 (+2)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
0.79% less ownership
Funds ownership: 18.68% → 17.89% (-0.79%)
3% less capital invested
Capital invested by funds: $292M → $283M (-$8.43M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.24M |
| 2 |
Morgan Stanley
New York
|
+$3.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.78M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.15M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.09M |
| 2 |
Lazard Asset Management
New York
|
-$6.77M |
| 3 |
LPL Financial
San Diego,
California
|
-$3.7M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$3.5M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.25M |
GDV Hedge Fund Activity: Q2 2016 in Review
92 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q2 2016, worth a combined $283M — down 2.9% from $292M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new GDV positions and 10 closed out — a net gain of 3 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $6.24M. The largest seller was Karpus Investment Management, cutting an estimated $8.09M.
- 92 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q2 2016, up from 90 in Q1 2016.
- Funds reported $283M of Gabelli Dividend & Income Trust stock for Q2 2016, down 2.9% quarter-over-quarter.
- 13 funds opened new Gabelli Dividend & Income Trust positions in Q2 2016 and 10 closed out, a net change of +3 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q2 2016 was Raymond James Financial Services Advisors, an estimated $6.24M added.
- The largest Gabelli Dividend & Income Trust seller in Q2 2016 was Karpus Investment Management, an estimated $8.09M sold.
Based on aggregated 13F filings for Q2 2016.