Gabelli Utility & Income Trust
GLU
23 hedge funds and large institutions have $20.9M invested in Gabelli Utility & Income Trust in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
21% more capital invested
Capital invested by funds: $17.3M → $20.9M (+$3.6M)
10% more funds holding
Funds holding: 21 → 23 (+2)
3.96% more ownership
Funds ownership: 21.33% → 25.29% (+4%)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$623K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$575K |
| 3 |
Morgan Stanley
New York
|
+$309K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$289K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.25M |
| 2 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$302K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$274K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$108K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$83.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Ameriprise
Minneapolis,
Minnesota
| – | -$19K | -984 | Closed |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| – | -$2K | -100 | Closed |
|
GLU Hedge Fund Activity: Q4 2013 in Review
23 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2013, worth a combined $20.9M — up 21% from $17.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GLU positions and 4 closed out — a net gain of 3 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Doliver Advisors, opening a new position worth an estimated $623K. The largest seller was Sit Investment Associates, cutting an estimated $1.25M.
- 23 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2013, up from 21 in Q3 2013.
- Funds reported $20.9M of Gabelli Utility & Income Trust stock for Q4 2013, up 21% quarter-over-quarter.
- 7 funds opened new Gabelli Utility & Income Trust positions in Q4 2013 and 4 closed out, a net change of +3 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2013 was Doliver Advisors, an estimated $623K added.
- The largest Gabelli Utility & Income Trust seller in Q4 2013 was Sit Investment Associates, an estimated $1.25M sold.
Based on aggregated 13F filings for Q4 2013.