Gabelli Utility & Income Trust
GLU
24 hedge funds and large institutions have $18.2M invested in Gabelli Utility & Income Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 2 closing their positions.
86% more capital inflows, than outflows
Capital inflows: $1.04M | Capital outflows: $560K
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
0% more funds holding
Funds holding: 24 → 24 (0)
0.33% less ownership
Funds ownership: 24.53% → 24.2% (-0.33%)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Zazove Associates
Incline Village,
Nevada
|
+$558K |
| 2 |
LPL Financial
San Diego,
California
|
+$223K |
| 3 |
Morgan Stanley
New York
|
+$136K |
| 4 |
Gabelli & Co Investment Advisers
Rye,
New York
|
+$68.9K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$32K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Landscape Capital Management
Englewood,
New Jersey
|
-$146K |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$109K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$90.1K |
| 4 |
1607 Capital Partners
Richmond,
Virginia
|
-$74.9K |
| 5 |
Prospera Financial Services
Dallas,
Texas
|
-$70.8K |
GLU Hedge Fund Activity: Q3 2016 in Review
24 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2016, worth a combined $18.2M — down 3% from $18.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GLU positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 11 trimmed.
The largest buyer was Zazove Associates, opening a new position worth an estimated $558K. The largest seller was Landscape Capital Management, cutting an estimated $146K.
- 24 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $18.2M of Gabelli Utility & Income Trust stock for Q3 2016, down 3% quarter-over-quarter.
- 3 funds opened new Gabelli Utility & Income Trust positions in Q3 2016 and 2 closed out, a net change of +1 holder.
- The largest Gabelli Utility & Income Trust buyer in Q3 2016 was Zazove Associates, an estimated $558K added.
- The largest Gabelli Utility & Income Trust seller in Q3 2016 was Landscape Capital Management, an estimated $146K sold.
Based on aggregated 13F filings for Q3 2016.