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GLU

Gabelli Utility & Income Trust

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.

New
Increased
Maintained
Reduced
Closed

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: 2325 (+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%)

Holders
25
Holders Change
+2
Holders Change %
+8.7%
% of All Funds
0.72%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
9
Reduced
6
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GI
1
GAMCO Investors
Connecticut
$4.55M
Morgan Stanley
2
Morgan Stanley
New York
$3.66M +$626K +31,791 +21%
SIA
3
Sit Investment Associates
Minnesota
$2.87M -$1.39M -70,656 -33%
CL
4
CSS LLC
Illinois
$2.77M +$41.3K +2,099 +2%
WAM
5
Wolverine Asset Management
Illinois
$958K +$373K +18,930 +65%
CA
6
Cornerstone Advisors
North Carolina
$892K +$317K +16,100 +56%
DA
7
Doliver Advisors
Texas
$812K +$180K +9,127 +29%
SFS
8
Shaker Financial Services
Virginia
$772K +$256K +12,992 +50%
YCM
9
Yakira Capital Management
Connecticut
$641K
RJA
10
Raymond James & Associates
Florida
$576K -$584K -29,650 -51%
BI
11
Bulldog Investors
New Jersey
$446K -$484K -24,558 -52%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$423K +$105K +5,328 +33%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$381K
ICAS
14
Investors Capital Advisory Services
Massachusetts
$381K +$378K +19,178 New
U
15
UBS
Switzerland
$359K +$18.9K +962 +6%
ICOA
16
Investment Centers of America
North Dakota
$302K +$302K +15,339 New
Bank of America
17
Bank of America
North Carolina
$291K -$3.92K -199 -1%
1CP
18
1607 Capital Partners
Virginia
$183K +$181K +9,200 New
GFM
19
Gramercy Funds Management
Connecticut
$111K +$110K +5,602 New
Wells Fargo
20
Wells Fargo
California
$53K -$51.3K -2,603 -50%
TJHA
21
Thomas J. Herzfeld Advisors
Florida
$35K
Citigroup
22
Citigroup
New York
$22K +$7.46K +379 +54%
Barclays
23
Barclays
United Kingdom
$4K -$5.91K -300 -60%
MFS
24
MSI Financial Services
Massachusetts
$3K
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$2K

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.