Gabelli Utility & Income Trust
GLU
17 hedge funds and large institutions have $16.8M invested in Gabelli Utility & Income Trust in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
1.56% less ownership
Funds ownership: 18.37% → 16.81% (-1.6%)
6% less funds holding
Funds holding: 18 → 17 (-1)
10% less capital invested
Capital invested by funds: $18.6M → $16.8M (-$1.78M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$205K |
| 2 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$112K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$81.3K |
| 4 |
LPL Financial
San Diego,
California
|
+$69.3K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$62.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
-$1.43M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$374K |
| 3 |
Morgan Stanley
New York
|
-$202K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$91.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$39.5K |
GLU Hedge Fund Activity: Q3 2019 in Review
17 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2019, worth a combined $16.8M — down 9.6% from $18.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of GLU and 1 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 8 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $205K. The largest seller was CSS LLC, cutting an estimated $1.43M.
- 17 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2019, down from 18 in Q2 2019.
- Funds reported $16.8M of Gabelli Utility & Income Trust stock for Q3 2019, down 9.6% quarter-over-quarter.
- 1 fund opened new Gabelli Utility & Income Trust positions in Q3 2019 and 2 closed out, a net change of -1 holder.
- The largest Gabelli Utility & Income Trust buyer in Q3 2019 was Ladenburg Thalmann Financial Services, an estimated $205K added.
- The largest Gabelli Utility & Income Trust seller in Q3 2019 was CSS LLC, an estimated $1.43M sold.
Based on aggregated 13F filings for Q3 2019.