Gabelli Utility & Income Trust
GLU
18 hedge funds and large institutions have $18.5M invested in Gabelli Utility & Income Trust in 2017 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 2 closing their positions.
5% less capital invested
Capital invested by funds: $19.5M → $18.5M (-$969K)
1.49% less ownership
Funds ownership: 23.45% → 21.96% (-1.5%)
5% less funds holding
Funds holding: 19 → 18 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$286K |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$73.9K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$9.02K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$21 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$552K |
| 2 |
Morgan Stanley
New York
|
-$402K |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$216K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$165K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$96.5K |
GLU Hedge Fund Activity: Q3 2017 in Review
18 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2017, worth a combined $18.5M — down 5% from $19.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of GLU and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 3 added.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $286K. The largest seller was Matisse Capital, cutting an estimated $552K.
- 18 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2017, down from 19 in Q2 2017.
- Funds reported $18.5M of Gabelli Utility & Income Trust stock for Q3 2017, down 5% quarter-over-quarter.
- 1 fund opened new Gabelli Utility & Income Trust positions in Q3 2017 and 2 closed out, a net change of -1 holder.
- The largest Gabelli Utility & Income Trust buyer in Q3 2017 was Shaker Financial Services, an estimated $286K added.
- The largest Gabelli Utility & Income Trust seller in Q3 2017 was Matisse Capital, an estimated $552K sold.
Based on aggregated 13F filings for Q3 2017.