Gabelli Utility & Income Trust
GLU
18 hedge funds and large institutions have $18.6M invested in Gabelli Utility & Income Trust in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
1% more capital invested
Capital invested by funds: $18.5M → $18.6M (+$95K)
5% less funds holding
Funds holding: 19 → 18 (-1)
5.72% less ownership
Funds ownership: 24.09% → 18.37% (-5.7%)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$210K |
| 2 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$113K |
| 3 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$109K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$91.4K |
| 5 |
Morgan Stanley
New York
|
+$71.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$366K |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$322K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$76.1K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$7.67K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$4.57K |
GLU Hedge Fund Activity: Q2 2019 in Review
18 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q2 2019, worth a combined $18.6M — up 0.51% from $18.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GLU and 2 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 8 added.
The largest buyer was Mid Atlantic Financial Management, opening a new position worth an estimated $210K. The largest seller was CSS LLC, cutting an estimated $366K.
- 18 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q2 2019, down from 19 in Q1 2019.
- Funds reported $18.6M of Gabelli Utility & Income Trust stock for Q2 2019, up 0.51% quarter-over-quarter.
- 2 funds opened new Gabelli Utility & Income Trust positions in Q2 2019 and 3 closed out, a net change of -1 holder.
- The largest Gabelli Utility & Income Trust buyer in Q2 2019 was Mid Atlantic Financial Management, an estimated $210K added.
- The largest Gabelli Utility & Income Trust seller in Q2 2019 was CSS LLC, an estimated $366K sold.
Based on aggregated 13F filings for Q2 2019.