Gabelli Utility & Income Trust
GLU
25 hedge funds and large institutions have $17.5M invested in Gabelli Utility & Income Trust in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 2 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 24 → 25 (+1)
1.11% more ownership
Funds ownership: 24.2% → 25.31% (+1.1%)
4% less capital invested
Capital invested by funds: $18.2M → $17.5M (-$723K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$238K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$227K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$174K |
| 4 |
Citigroup
New York
|
+$127K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$65.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$217K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$21.3K |
| 3 |
AA
Advisory Alpha
Holland,
Michigan
|
-$13K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$7.78K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.36K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
LPL Financial
San Diego,
California
| – | -$217K | -12,106 | Closed |
|
|
AA
27
Advisory Alpha
Holland,
Michigan
| – | -$13K | -715 | Closed |
|
GLU Hedge Fund Activity: Q4 2016 in Review
25 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2016, worth a combined $17.5M — down 4% from $18.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GLU positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $238K. The largest seller was LPL Financial, exiting entirely with an estimated $217K sold.
- 25 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2016, up from 24 in Q3 2016.
- Funds reported $17.5M of Gabelli Utility & Income Trust stock for Q4 2016, down 4% quarter-over-quarter.
- 3 funds opened new Gabelli Utility & Income Trust positions in Q4 2016 and 2 closed out, a net change of +1 holder.
- The largest Gabelli Utility & Income Trust buyer in Q4 2016 was Morgan Stanley, an estimated $238K added.
- The largest Gabelli Utility & Income Trust seller in Q4 2016 was LPL Financial, an estimated $217K sold.
Based on aggregated 13F filings for Q4 2016.