Gabelli Utility & Income Trust
GLU
15 hedge funds and large institutions have $5.67M invested in Gabelli Utility & Income Trust in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 6 closing their positions.
4.67% less ownership
Funds ownership: 11.88% → 7.2% (-4.7%)
25% less funds holding
Funds holding: 20 → 15 (-5)
37% less capital invested
Capital invested by funds: $9M → $5.67M (-$3.32M)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$61.9K |
| 2 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$29.1K |
| 3 |
Morgan Stanley
New York
|
+$28.3K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$15.3K |
| 5 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
+$2.92K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.06M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$148K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$133K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$103K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$51.6K |
GLU Hedge Fund Activity: Q1 2023 in Review
15 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2023, worth a combined $5.67M — down 37% from $9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of GLU and 2 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was UBS Group, adding an estimated $61.9K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $3.06M sold.
- 15 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2023, down from 20 in Q4 2022.
- Funds reported $5.67M of Gabelli Utility & Income Trust stock for Q1 2023, down 37% quarter-over-quarter.
- 2 funds opened new Gabelli Utility & Income Trust positions in Q1 2023 and 6 closed out, a net change of -4 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2023 was UBS Group, an estimated $61.9K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2023 was Sit Investment Associates, an estimated $3.06M sold.
Based on aggregated 13F filings for Q1 2023.