Gabelli Utility & Income Trust
GLU
19 hedge funds and large institutions have $19.5M invested in Gabelli Utility & Income Trust in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 3 closing their positions.
1% less capital invested
Capital invested by funds: $19.7M → $19.5M (-$194K)
2.35% less ownership
Funds ownership: 25.8% → 23.45% (-2.3%)
10% less funds holding
Funds holding: 21 → 19 (-2)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$215K |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$73.3K |
| 3 |
Creative Planning
Overland Park,
Kansas
|
+$54.1K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$27.3K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$10.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$535K |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$462K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$328K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$239K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$229K |
GLU Hedge Fund Activity: Q2 2017 in Review
19 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q2 2017, worth a combined $19.5M — down 0.98% from $19.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GLU and 1 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was HighTower Advisors, adding an estimated $215K. The largest seller was Morgan Stanley, cutting an estimated $535K.
- 19 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q2 2017, down from 21 in Q1 2017.
- Funds reported $19.5M of Gabelli Utility & Income Trust stock for Q2 2017, down 0.98% quarter-over-quarter.
- 1 fund opened new Gabelli Utility & Income Trust positions in Q2 2017 and 3 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q2 2017 was HighTower Advisors, an estimated $215K added.
- The largest Gabelli Utility & Income Trust seller in Q2 2017 was Morgan Stanley, an estimated $535K sold.
Based on aggregated 13F filings for Q2 2017.