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GLU

Gabelli Utility & Income Trust
GLU

22 hedge funds and large institutions have $12.6M invested in Gabelli Utility & Income Trust in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more funds holding

Funds holding: 16 → 22 (+6)

0.82% more ownership

Funds ownership: 15.61% → 16.42% (+0.82%)

8% less capital invested

Capital invested by funds: $13.7M → $12.6M (-$1.05M)

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

Holders
22
Holders Change
+6
Holders Change %
+37.5%
% of All Funds
0.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
4
Reduced
7
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
+$469K
2
PFS
Prospera Financial Services
Texas
+$306K
3
CRC
Curi RMB Capital
Illinois
+$201K
4
WAM
Wolverine Asset Management
Illinois
+$191K
5
AG
Advisor Group
Arizona
+$55.9K

Top Sellers

Rank Fund Capital Flow
1
CL
CSS LLC
Illinois
-$333K
2
1CP
1607 Capital Partners
Virginia
-$117K
3
MC
Matisse Capital
Oregon
-$77.7K
4
CA
Cornerstone Advisors
North Carolina
-$74.2K
5
Morgan Stanley
Morgan Stanley
New York
-$43.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$3.32M -$43.1K -2,165 -1%
CL
2
CSS LLC
Illinois
$2.24M -$333K -16,750 -12%
GCIA
3
Gabelli & Co Investment Advisers
New York
$1.93M +$31.4K +1,580 +2%
1CP
4
1607 Capital Partners
Virginia
$1.34M -$117K -5,873 -8%
CA
5
Cornerstone Advisors
North Carolina
$775K -$74.2K -3,733 -8%
DA
6
Doliver Advisors
Texas
$495K +$469K +23,593 New
MC
7
Matisse Capital
Oregon
$335K -$77.7K -3,905 -18%
ZA
8
Zazove Associates
Nevada
$327K – – –
Wells Fargo
9
Wells Fargo
California
$295K +$55.2K +2,778 +21%
PFS
10
Prospera Financial Services
Texas
$286K +$306K +15,400 New
UBS Group
11
UBS Group
Switzerland
$256K -$22.1K -1,109 -7%
Bank of America
12
Bank of America
North Carolina
$212K +$2.09K +105 +0.9%
CRC
13
Curi RMB Capital
Illinois
$188K +$201K +10,120 New
HPC
14
HM Payson & Co
Maine
$186K – – –
WAM
15
Wolverine Asset Management
Illinois
$178K +$191K +9,586 New
AG
16
Advisor Group
Arizona
$116K +$55.9K +2,810 +82%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$67K – – –
SEI Investments
18
SEI Investments
Pennsylvania
$31K +$33K +1,658 New
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$11K – – –
GWM
20
Geneos Wealth Management
Colorado
$9K -$15.9K -800 -62%
Citigroup
21
Citigroup
New York
$5K – – –
ASN
22
Advisory Services Network
Georgia
$5K +$5.61K +282 New

GLU Hedge Fund Activity: Q1 2018 in Review

22 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2018, worth a combined $12.6M — down 7.7% from $13.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new GLU positions and 0 closed out — a net gain of 6 holders — while 4 added to existing stakes and 7 trimmed.

The largest buyer was Doliver Advisors, opening a new position worth an estimated $469K. The largest seller was CSS LLC, cutting an estimated $333K.

  • 22 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2018, up from 16 in Q4 2017.
  • Funds reported $12.6M of Gabelli Utility & Income Trust stock for Q1 2018, down 7.7% quarter-over-quarter.
  • 6 funds opened new Gabelli Utility & Income Trust positions in Q1 2018 and 0 closed out, a net change of +6 holders.
  • The largest Gabelli Utility & Income Trust buyer in Q1 2018 was Doliver Advisors, an estimated $469K added.
  • The largest Gabelli Utility & Income Trust seller in Q1 2018 was CSS LLC, an estimated $333K sold.

Based on aggregated 13F filings for Q1 2018.