Gabelli Utility & Income Trust
GLU
21 hedge funds and large institutions have $19.7M invested in Gabelli Utility & Income Trust in 2017 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 4 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
13% more capital invested
Capital invested by funds: $17.5M → $19.7M (+$2.23M)
0.49% more ownership
Funds ownership: 25.31% → 25.8% (+0.49%)
16% less funds holding
Funds holding: 25 → 21 (-4)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$355K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$312K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$181K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$107K |
| 5 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$96K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$402K |
| 2 |
Morgan Stanley
New York
|
-$300K |
| 3 |
Citigroup
New York
|
-$127K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$25.5K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$19K |
GLU Hedge Fund Activity: Q1 2017 in Review
21 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2017, worth a combined $19.7M — up 13% from $17.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GLU and 1 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 9 added.
The largest buyer was 1607 Capital Partners, adding an estimated $355K. The largest seller was Landscape Capital Management, exiting entirely with an estimated $402K sold.
- 21 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2017, down from 25 in Q4 2016.
- Funds reported $19.7M of Gabelli Utility & Income Trust stock for Q1 2017, up 13% quarter-over-quarter.
- 1 fund opened new Gabelli Utility & Income Trust positions in Q1 2017 and 4 closed out, a net change of -3 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2017 was 1607 Capital Partners, an estimated $355K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2017 was Landscape Capital Management, an estimated $402K sold.
Based on aggregated 13F filings for Q1 2017.