Gabelli Utility & Income Trust
GLU
18 hedge funds and large institutions have $15.8M invested in Gabelli Utility & Income Trust in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
11% more capital invested
Capital invested by funds: $14.1M → $15.8M (+$1.61M)
0.67% more ownership
Funds ownership: 14.3% → 14.97% (+0.67%)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
5% less funds holding
Funds holding: 19 → 18 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$634K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$378K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$42.1K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$28.7K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$9.95K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$234K |
| 2 |
LPL Financial
San Diego,
California
|
-$79.7K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$37.8K |
| 4 |
Morgan Stanley
New York
|
-$34.4K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$11.9K |
GLU Hedge Fund Activity: Q1 2021 in Review
18 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2021, worth a combined $15.8M — up 11% from $14.1M a quarter earlier.
Fund positioning in GLU was balanced in Q1 2021: 2 funds opened new positions, 2 closed out, 7 added to existing stakes and 4 trimmed.
The largest buyer was Bank of America, adding an estimated $634K. The largest seller was Mid Atlantic Financial Management, exiting entirely with an estimated $234K sold.
- 18 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2021, down from 19 in Q4 2020.
- Funds reported $15.8M of Gabelli Utility & Income Trust stock for Q1 2021, up 11% quarter-over-quarter.
- 2 funds opened new Gabelli Utility & Income Trust positions in Q1 2021 and 2 closed out, a net change of 0 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2021 was Bank of America, an estimated $634K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2021 was Mid Atlantic Financial Management, an estimated $234K sold.
Based on aggregated 13F filings for Q1 2021.