Gabelli Utility & Income Trust
GLU
19 hedge funds and large institutions have $18.5M invested in Gabelli Utility & Income Trust in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 6 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
10% less funds holding
Funds holding: 21 → 19 (-2)
10.18% less ownership
Funds ownership: 34.27% → 24.09% (-10%)
19% less capital invested
Capital invested by funds: $22.7M → $18.5M (-$4.21M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$232K |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$131K |
| 3 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$106K |
| 4 |
LPL Financial
San Diego,
California
|
+$28.3K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$3.65M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.36M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$987K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$586K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$389K |
GLU Hedge Fund Activity: Q1 2019 in Review
19 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2019, worth a combined $18.5M — down 19% from $22.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GLU and 4 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $232K. The largest seller was CSS LLC, cutting an estimated $3.65M.
- 19 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2019, down from 21 in Q4 2018.
- Funds reported $18.5M of Gabelli Utility & Income Trust stock for Q1 2019, down 19% quarter-over-quarter.
- 4 funds opened new Gabelli Utility & Income Trust positions in Q1 2019 and 6 closed out, a net change of -2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2019 was Raymond James & Associates, an estimated $232K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2019 was CSS LLC, an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2019.