Gabelli Dividend & Income Trust
127 hedge funds and large institutions have $305M invested in Gabelli Dividend & Income Trust in 2018 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 31 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
6% more funds holding
Funds holding: 120 → 127 (+7)
0.46% more ownership
Funds ownership: 16.24% → 16.71% (+0.46%)
3% less capital invested
Capital invested by funds: $313M → $305M (-$8.88M)
6% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 31
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.59M |
| 2 |
SMG
Smart Money Group
Eastland,
Texas
|
+$2.55M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.35M |
| 4 |
Cohen & Steers
New York
|
+$2.02M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$5.33M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.92M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$881K |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$858K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$731K |
GDV Hedge Fund Activity: Q1 2018 in Review
127 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Gabelli Dividend & Income Trust (GDV) for Q1 2018, worth a combined $305M — down 2.8% from $313M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new GDV positions and 10 closed out — a net gain of 9 holders — while 29 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.59M. The largest seller was Shaker Financial Services, cutting an estimated $5.33M.
- 127 institutional investors held Gabelli Dividend & Income Trust (GDV) as of Q1 2018, up from 120 in Q4 2017.
- Funds reported $305M of Gabelli Dividend & Income Trust stock for Q1 2018, down 2.8% quarter-over-quarter.
- 19 funds opened new Gabelli Dividend & Income Trust positions in Q1 2018 and 10 closed out, a net change of +9 holders.
- The largest Gabelli Dividend & Income Trust buyer in Q1 2018 was Morgan Stanley, an estimated $5.59M added.
- The largest Gabelli Dividend & Income Trust seller in Q1 2018 was Shaker Financial Services, an estimated $5.33M sold.
Based on aggregated 13F filings for Q1 2018.