Gabelli Utility & Income Trust
GLU
22 hedge funds and large institutions have $15.5M invested in Gabelli Utility & Income Trust in 2015 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 3 closing their positions.
0.08% more ownership
Funds ownership: 20.28% → 20.36% (+0.08%)
4% less capital invested
Capital invested by funds: $16.2M → $15.5M (-$685K)
8% less funds holding
Funds holding: 24 → 22 (-2)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$350K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$260K |
| 3 |
Morgan Stanley
New York
|
+$174K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$97.5K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$43.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$202K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$194K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$110K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$106K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$78.7K |
GLU Hedge Fund Activity: Q1 2015 in Review
22 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2015, worth a combined $15.5M — down 4.2% from $16.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GLU and 1 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Investors Capital Advisory Services, adding an estimated $350K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $202K sold.
- 22 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2015, down from 24 in Q4 2014.
- Funds reported $15.5M of Gabelli Utility & Income Trust stock for Q1 2015, down 4.2% quarter-over-quarter.
- 1 fund opened new Gabelli Utility & Income Trust positions in Q1 2015 and 3 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2015 was Investors Capital Advisory Services, an estimated $350K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2015 was Shaker Financial Services, an estimated $202K sold.
Based on aggregated 13F filings for Q1 2015.