Gabelli Utility & Income Trust
GLU
20 hedge funds and large institutions have $9M invested in Gabelli Utility & Income Trust in 2022 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
11% more funds holding
Funds holding: 18 → 20 (+2)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
9.84% less ownership
Funds ownership: 21.72% → 11.88% (-9.8%)
45% less capital invested
Capital invested by funds: $16.3M → $9M (-$7.35M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$175K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$151K |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$55.8K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$50.4K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$30.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$6.81M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$483K |
| 3 |
Morgan Stanley
New York
|
-$358K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$121K |
| 5 |
IAMOG
Investors Asset Management of Georgia
Atlanta,
Georgia
|
-$60K |
GLU Hedge Fund Activity: Q4 2022 in Review
20 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q4 2022, worth a combined $9M — down 45% from $16.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GLU positions and 2 closed out — a net gain of 2 holders — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Prospera Financial Services, adding an estimated $175K. The largest seller was Gabelli & Co Investment Advisers, exiting entirely with an estimated $6.81M sold.
- 20 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q4 2022, up from 18 in Q3 2022.
- Funds reported $9M of Gabelli Utility & Income Trust stock for Q4 2022, down 45% quarter-over-quarter.
- 4 funds opened new Gabelli Utility & Income Trust positions in Q4 2022 and 2 closed out, a net change of +2 holders.
- The largest Gabelli Utility & Income Trust buyer in Q4 2022 was Prospera Financial Services, an estimated $175K added.
- The largest Gabelli Utility & Income Trust seller in Q4 2022 was Gabelli & Co Investment Advisers, an estimated $6.81M sold.
Based on aggregated 13F filings for Q4 2022.