Gabelli Utility & Income Trust
GLU
24 hedge funds and large institutions have $19.1M invested in Gabelli Utility & Income Trust in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 3 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
3% more capital invested
Capital invested by funds: $18.5M → $19.1M (+$587K)
0% more funds holding
Funds holding: 24 → 24 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.53% less ownership
Funds ownership: 26.46% → 25.93% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$312K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$223K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$81.9K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$52K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$46.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$248K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$174K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$169K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$152K |
| 5 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
-$130K |
GLU Hedge Fund Activity: Q1 2016 in Review
24 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2016, worth a combined $19.1M — up 3.2% from $18.5M a quarter earlier.
Fund positioning in GLU was balanced in Q1 2016: 3 funds opened new positions, 3 closed out, 9 added to existing stakes and 8 trimmed.
The largest buyer was Prospera Financial Services, opening a new position worth an estimated $312K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $248K sold.
- 24 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $19.1M of Gabelli Utility & Income Trust stock for Q1 2016, up 3.2% quarter-over-quarter.
- 3 funds opened new Gabelli Utility & Income Trust positions in Q1 2016 and 3 closed out, a net change of 0 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2016 was Prospera Financial Services, an estimated $312K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2016 was Curi RMB Capital, an estimated $248K sold.
Based on aggregated 13F filings for Q1 2016.