Gabelli Utility & Income Trust
GLU
23 hedge funds and large institutions have $18.9M invested in Gabelli Utility & Income Trust in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
4.29% less ownership
Funds ownership: 25.72% → 21.43% (-4.3%)
8% less funds holding
Funds holding: 25 → 23 (-2)
12% less capital invested
Capital invested by funds: $21.5M → $18.9M (-$2.64M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$224K |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$197K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$114K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$60.9K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$41.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.87M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$446K |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$302K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$284K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$258K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICOA
26
Investment Centers of America
Bismarck,
North Dakota
| – | -$302K | -15,339 | Closed |
|
27
Citigroup
New York
| – | -$21.6K | -1,063 | -99% |
|
28
Barclays
London,
United Kingdom
| – | -$4K | -200 | Closed |
|
GLU Hedge Fund Activity: Q2 2014 in Review
23 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q2 2014, worth a combined $18.9M — down 12% from $21.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GLU and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Cornerstone Advisors, adding an estimated $224K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.87M sold.
- 23 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q2 2014, down from 25 in Q1 2014.
- Funds reported $18.9M of Gabelli Utility & Income Trust stock for Q2 2014, down 12% quarter-over-quarter.
- 2 funds opened new Gabelli Utility & Income Trust positions in Q2 2014 and 4 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q2 2014 was Cornerstone Advisors, an estimated $224K added.
- The largest Gabelli Utility & Income Trust seller in Q2 2014 was Sit Investment Associates, an estimated $2.87M sold.
Based on aggregated 13F filings for Q2 2014.