Gabelli Utility & Income Trust
GLU
20 hedge funds and large institutions have $12.4M invested in Gabelli Utility & Income Trust in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
118% more capital invested
Capital invested by funds: $5.67M → $12.4M (+$6.7M)
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
33% more funds holding
Funds holding: 15 → 20 (+5)
8.97% more ownership
Funds ownership: 7.2% → 16.17% (+9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$6.94M |
| 2 |
BCA
Bay Colony Advisors
Concord,
Massachusetts
|
+$167K |
| 3 |
LOPW
Live Oak Private Wealth
Wilmington,
North Carolina
|
+$143K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$77.1K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$65.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$459K |
| 2 |
LPL Financial
San Diego,
California
|
-$73K |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$47K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$17.1K |
| 5 |
Morgan Stanley
New York
|
-$7.78K |
GLU Hedge Fund Activity: Q2 2023 in Review
20 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q2 2023, worth a combined $12.4M — up 118% from $5.67M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GLU positions and 2 closed out — a net gain of 5 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Gabelli & Co Investment Advisers, opening a new position worth an estimated $6.94M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $459K sold.
- 20 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q2 2023, up from 15 in Q1 2023.
- Funds reported $12.4M of Gabelli Utility & Income Trust stock for Q2 2023, up 118% quarter-over-quarter.
- 7 funds opened new Gabelli Utility & Income Trust positions in Q2 2023 and 2 closed out, a net change of +5 holders.
- The largest Gabelli Utility & Income Trust buyer in Q2 2023 was Gabelli & Co Investment Advisers, an estimated $6.94M added.
- The largest Gabelli Utility & Income Trust seller in Q2 2023 was Advisors Asset Management, an estimated $459K sold.
Based on aggregated 13F filings for Q2 2023.