Gabelli Utility & Income Trust
GLU
21 hedge funds and large institutions have $16.6M invested in Gabelli Utility & Income Trust in 2014 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 2 closing their positions.
0.33% less ownership
Funds ownership: 21.43% → 21.1% (-0.33%)
9% less funds holding
Funds holding: 23 → 21 (-2)
12% less capital invested
Capital invested by funds: $18.9M → $16.6M (-$2.22M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$117K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$42.6K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$13.7K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$10K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.58K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$137K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$133K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$117K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$30.1K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$30.1K |
GLU Hedge Fund Activity: Q3 2014 in Review
21 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2014, worth a combined $16.6M — down 12% from $18.9M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of GLU and 0 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was Cornerstone Advisors, adding an estimated $117K. The largest seller was Shaker Financial Services, cutting an estimated $137K.
- 21 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2014, down from 23 in Q2 2014.
- Funds reported $16.6M of Gabelli Utility & Income Trust stock for Q3 2014, down 12% quarter-over-quarter.
- 0 funds opened new Gabelli Utility & Income Trust positions in Q3 2014 and 2 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q3 2014 was Cornerstone Advisors, an estimated $117K added.
- The largest Gabelli Utility & Income Trust seller in Q3 2014 was Shaker Financial Services, an estimated $137K sold.
Based on aggregated 13F filings for Q3 2014.