Gabelli Utility & Income Trust
GLU
21 hedge funds and large institutions have $16.3M invested in Gabelli Utility & Income Trust in 2015 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 2 closing their positions.
5% more capital invested
Capital invested by funds: $15.5M → $16.3M (+$786K)
1.07% more ownership
Funds ownership: 20.36% → 21.43% (+1.1%)
5% less funds holding
Funds holding: 22 → 21 (-1)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$961K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$236K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$209K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$81K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$43.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$345K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$314K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$38.3K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$27K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$11.4K |
GLU Hedge Fund Activity: Q2 2015 in Review
21 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q2 2015, worth a combined $16.3M — up 5.1% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of GLU and 1 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 6 added.
The largest buyer was 1607 Capital Partners, adding an estimated $961K. The largest seller was Raymond James & Associates, exiting entirely with an estimated $345K sold.
- 21 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q2 2015, down from 22 in Q1 2015.
- Funds reported $16.3M of Gabelli Utility & Income Trust stock for Q2 2015, up 5.1% quarter-over-quarter.
- 1 fund opened new Gabelli Utility & Income Trust positions in Q2 2015 and 2 closed out, a net change of -1 holder.
- The largest Gabelli Utility & Income Trust buyer in Q2 2015 was 1607 Capital Partners, an estimated $961K added.
- The largest Gabelli Utility & Income Trust seller in Q2 2015 was Raymond James & Associates, an estimated $345K sold.
Based on aggregated 13F filings for Q2 2015.