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GLU

Gabelli Utility & Income Trust
GLU

16 hedge funds and large institutions have $9.72M invested in Gabelli Utility & Income Trust in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 3

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

2.14% less ownership

Funds ownership: 15.48% → 13.34% (-2.1%)

11% less funds holding

Funds holding: 18 → 16 (-2)

38% less capital invested

Capital invested by funds: $15.7M → $9.72M (-$5.98M)

Holders
16
Holders Change
-2
Holders Change %
-11.11%
% of All Funds
0.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
7
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PFS
Prospera Financial Services
Texas
+$90.5K
2
GCIA
Gabelli & Co Investment Advisers
New York
+$88.5K
3
LPL Financial
LPL Financial
California
+$80.3K
4
Wells Fargo
Wells Fargo
California
+$51.3K
5
RJA
Raymond James & Associates
Florida
+$25.1K

Top Sellers

Rank Fund Capital Flow
1
CL
CSS LLC
Illinois
-$1.72M
2
MAFM
Mid Atlantic Financial Management
Pennsylvania
-$291K
3
Morgan Stanley
Morgan Stanley
New York
-$54.1K
4
UBS Group
UBS Group
Switzerland
-$33.7K
5
TRCT
Tower Research Capital (TRC)
New York
-$6K
Name Holding Trade Value Shares
Change 		Change in
Stake
GCIA
1
Gabelli & Co Investment Advisers
New York
$5.26M +$88.5K +5,060 +1%
Morgan Stanley
2
Morgan Stanley
New York
$2.19M -$54.1K -3,095 -2%
Osaic Holdings
3
Osaic Holdings
Arizona
$468K +$603K +34,469 New
Wells Fargo
4
Wells Fargo
California
$430K +$51.3K +2,936 +10%
LPL Financial
5
LPL Financial
California
$317K +$80.3K +4,593 +25%
RJA
6
Raymond James & Associates
Florida
$292K +$25.1K +1,433 +7%
PFS
7
Prospera Financial Services
Texas
$279K +$90.5K +5,175 +34%
CL
8
CSS LLC
Illinois
$156K -$1.72M -98,368 -90%
UBS Group
9
UBS Group
Switzerland
$138K -$33.7K -1,925 -16%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$70K +$7.39K +423 +9%
Bank of America
11
Bank of America
North Carolina
$63K – – –
EP
12
Eudaimonia Partners
Tennessee
$35K +$524 +30 +1%
HFA
13
HC Financial Advisors
California
$14K +$17.5K +1,000 New
Citigroup
14
Citigroup
New York
$4K – – –
SFS
15
Sowell Financial Services
Arkansas
$4K – – –
AIC
16
Ameritas Investment Company
Nebraska
$2K +$3.5K +200 New
MAFM
17
Mid Atlantic Financial Management
Pennsylvania
– -$291K -15,400 Closed
TRCT
18
Tower Research Capital (TRC)
New York
– -$6K -300 Closed

GLU Hedge Fund Activity: Q1 2020 in Review

16 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2020, worth a combined $9.72M — down 38% from $15.7M a quarter earlier.

Fund positioning in GLU was balanced in Q1 2020: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 3 trimmed.

The largest buyer was Prospera Financial Services, adding an estimated $90.5K. The largest seller was CSS LLC, cutting an estimated $1.72M.

  • 16 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2020, down from 18 in Q4 2019.
  • Funds reported $9.72M of Gabelli Utility & Income Trust stock for Q1 2020, down 38% quarter-over-quarter.
  • 3 funds opened new Gabelli Utility & Income Trust positions in Q1 2020 and 3 closed out, a net change of 0 holders.
  • The largest Gabelli Utility & Income Trust buyer in Q1 2020 was Prospera Financial Services, an estimated $90.5K added.
  • The largest Gabelli Utility & Income Trust seller in Q1 2020 was CSS LLC, an estimated $1.72M sold.

Based on aggregated 13F filings for Q1 2020.