We are live on ! Find out more
GLU

Gabelli Utility & Income Trust
GLU

16 hedge funds and large institutions have $13.7M invested in Gabelli Utility & Income Trust in 2017 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.36% less ownership

Funds ownership: 21.96% → 15.61% (-6.4%)

11% less funds holding

Funds holding: 18 → 16 (-2)

26% less capital invested

Capital invested by funds: $18.5M → $13.7M (-$4.88M)

50% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 8

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Holders
16
Holders Change
-2
Holders Change %
-11.11%
% of All Funds
0.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
4
Reduced
8
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$54.3K
2
AG
Advisor Group
Arizona
+$30.6K
3
UBS Group
UBS Group
Switzerland
+$7.76K
4
Citigroup
Citigroup
New York
+$6.13K
5
Bank of America
Bank of America
North Carolina
+$1.96K

Top Sellers

Rank Fund Capital Flow
1
GCIA
Gabelli & Co Investment Advisers
New York
-$3M
2
CL
CSS LLC
Illinois
-$463K
3
HighTower Advisors
HighTower Advisors
Illinois
-$445K
4
Morgan Stanley
Morgan Stanley
New York
-$318K
5
PFS
Prospera Financial Services
Texas
-$316K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$3.85M -$318K -15,591 -8%
CL
2
CSS LLC
Illinois
$2.92M -$463K -22,674 -14%
GCIA
3
Gabelli & Co Investment Advisers
New York
$2.18M -$3M -147,046 -59%
1CP
4
1607 Capital Partners
Virginia
$1.66M -$143K -7,000 -8%
CA
5
Cornerstone Advisors
North Carolina
$967K -$182K -8,920 -16%
MC
6
Matisse Capital
Oregon
$466K -$20.6K -1,009 -4%
ZA
7
Zazove Associates
Nevada
$374K -$261K -12,776 -42%
UBS Group
8
UBS Group
Switzerland
$317K +$7.76K +380 +3%
Wells Fargo
9
Wells Fargo
California
$278K +$54.3K +2,659 +26%
Bank of America
10
Bank of America
North Carolina
$240K +$1.96K +96 +0.9%
HPC
11
HM Payson & Co
Maine
$213K – – –
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$77K – – –
AG
13
Advisor Group
Arizona
$73K +$30.6K +1,500 +78%
GWM
14
Geneos Wealth Management
Colorado
$27K – – –
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$12K -$2.15K -105 -15%
Citigroup
16
Citigroup
New York
$6K +$6.13K +300 New
HighTower Advisors
17
HighTower Advisors
Illinois
– -$445K -21,679 Closed
PFS
18
Prospera Financial Services
Texas
– -$316K -15,400 Closed
SFS
19
Shaker Financial Services
Virginia
– -$287K -13,968 Closed

GLU Hedge Fund Activity: Q4 2017 in Review

16 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2017, worth a combined $13.7M — down 26% from $18.5M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of GLU and 1 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 4 added.

The largest buyer was Wells Fargo, adding an estimated $54.3K. The largest seller was Gabelli & Co Investment Advisers, cutting an estimated $3M.

  • 16 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2017, down from 18 in Q3 2017.
  • Funds reported $13.7M of Gabelli Utility & Income Trust stock for Q4 2017, down 26% quarter-over-quarter.
  • 1 fund opened new Gabelli Utility & Income Trust positions in Q4 2017 and 3 closed out, a net change of -2 holders.
  • The largest Gabelli Utility & Income Trust buyer in Q4 2017 was Wells Fargo, an estimated $54.3K added.
  • The largest Gabelli Utility & Income Trust seller in Q4 2017 was Gabelli & Co Investment Advisers, an estimated $3M sold.

Based on aggregated 13F filings for Q4 2017.