Gabelli Utility & Income Trust
GLU
25 hedge funds and large institutions have $21.5M invested in Gabelli Utility & Income Trust in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
9% more funds holding
Funds holding: 23 → 25 (+2)
3% more capital invested
Capital invested by funds: $20.9M → $21.5M (+$591K)
0.43% more ownership
Funds ownership: 25.29% → 25.72% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$626K |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$378K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$373K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$317K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$302K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.39M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$584K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$484K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$51.3K |
| 5 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$20K |
GLU Hedge Fund Activity: Q1 2014 in Review
25 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2014, worth a combined $21.5M — up 2.8% from $20.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GLU positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $626K. The largest seller was Sit Investment Associates, cutting an estimated $1.39M.
- 25 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2014, up from 23 in Q4 2013.
- Funds reported $21.5M of Gabelli Utility & Income Trust stock for Q1 2014, up 2.8% quarter-over-quarter.
- 4 funds opened new Gabelli Utility & Income Trust positions in Q1 2014 and 2 closed out, a net change of +2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2014 was Morgan Stanley, an estimated $626K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2014 was Sit Investment Associates, an estimated $1.39M sold.
Based on aggregated 13F filings for Q1 2014.