Gabelli Utility & Income Trust
GLU
19 hedge funds and large institutions have $14.1M invested in Gabelli Utility & Income Trust in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
36% more funds holding
Funds holding: 14 → 19 (+5)
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
22% more capital invested
Capital invested by funds: $11.6M → $14.1M (+$2.51M)
0.85% more ownership
Funds ownership: 13.45% → 14.3% (+0.85%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$346K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$208K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$176K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$170K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$81.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$131K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$49K |
| 3 |
BCA
Berman Capital Advisors
Atlanta,
Georgia
|
-$32K |
| 4 |
LPL Financial
San Diego,
California
|
-$25.1K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.45K |
GLU Hedge Fund Activity: Q4 2020 in Review
19 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2020, worth a combined $14.1M — up 22% from $11.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GLU positions and 1 closed out — a net gain of 5 holders — while 5 added to existing stakes and 4 trimmed.
The largest buyer was Prospera Financial Services, opening a new position worth an estimated $346K. The largest seller was Morgan Stanley, cutting an estimated $131K.
- 19 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2020, up from 14 in Q3 2020.
- Funds reported $14.1M of Gabelli Utility & Income Trust stock for Q4 2020, up 22% quarter-over-quarter.
- 6 funds opened new Gabelli Utility & Income Trust positions in Q4 2020 and 1 closed out, a net change of +5 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2020 was Prospera Financial Services, an estimated $346K added.
- The largest Gabelli Utility & Income Trust seller in Q4 2020 was Morgan Stanley, an estimated $131K sold.
Based on aggregated 13F filings for Q4 2020.