Gabelli Utility & Income Trust
GLU
24 hedge funds and large institutions have $18.5M invested in Gabelli Utility & Income Trust in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
25% more capital invested
Capital invested by funds: $14.8M → $18.5M (+$3.68M)
14% more funds holding
Funds holding: 21 → 24 (+3)
4.45% more ownership
Funds ownership: 22.01% → 26.46% (+4.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$3.84M |
| 2 |
Morgan Stanley
New York
|
+$685K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$395K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$251K |
| 5 |
LPL Financial
San Diego,
California
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$3.68M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$174K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$30.9K |
| 4 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$21.5K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$17.4K |
GLU Hedge Fund Activity: Q4 2015 in Review
24 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2015, worth a combined $18.5M — up 25% from $14.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GLU positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Gabelli & Co Investment Advisers, opening a new position worth an estimated $3.84M. The largest seller was GAMCO Investors, exiting entirely with an estimated $3.68M sold.
- 24 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2015, up from 21 in Q3 2015.
- Funds reported $18.5M of Gabelli Utility & Income Trust stock for Q4 2015, up 25% quarter-over-quarter.
- 6 funds opened new Gabelli Utility & Income Trust positions in Q4 2015 and 3 closed out, a net change of +3 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2015 was Gabelli & Co Investment Advisers, an estimated $3.84M added.
- The largest Gabelli Utility & Income Trust seller in Q4 2015 was GAMCO Investors, an estimated $3.68M sold.
Based on aggregated 13F filings for Q4 2015.