Gabelli Utility & Income Trust
GLU
24 hedge funds and large institutions have $16.2M invested in Gabelli Utility & Income Trust in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
14% more funds holding
Funds holding: 21 → 24 (+3)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
0.82% less ownership
Funds ownership: 21.1% → 20.28% (-0.82%)
2% less capital invested
Capital invested by funds: $16.6M → $16.2M (-$414K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$191K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$87.5K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$62.5K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$46.6K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$28.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$659K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$145K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$113K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$73.2K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$66.4K |
GLU Hedge Fund Activity: Q4 2014 in Review
24 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2014, worth a combined $16.2M — down 2.5% from $16.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GLU positions and 2 closed out — a net gain of 4 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Stifel Financial, opening a new position worth an estimated $191K. The largest seller was Wolverine Asset Management, cutting an estimated $659K.
- 24 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2014, up from 21 in Q3 2014.
- Funds reported $16.2M of Gabelli Utility & Income Trust stock for Q4 2014, down 2.5% quarter-over-quarter.
- 6 funds opened new Gabelli Utility & Income Trust positions in Q4 2014 and 2 closed out, a net change of +4 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2014 was Stifel Financial, an estimated $191K added.
- The largest Gabelli Utility & Income Trust seller in Q4 2014 was Wolverine Asset Management, an estimated $659K sold.
Based on aggregated 13F filings for Q4 2014.