Gabelli Utility & Income Trust
GLU
23 hedge funds and large institutions have $14.4M invested in Gabelli Utility & Income Trust in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
16% more capital invested
Capital invested by funds: $12.4M → $14.4M (+$2.02M)
15% more funds holding
Funds holding: 20 → 23 (+3)
3.63% more ownership
Funds ownership: 16.17% → 19.8% (+3.6%)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.24M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$544K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$322K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$15.7K |
| 5 |
JP Morgan Chase
New York
|
+$11.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$237K |
| 2 |
LPL Financial
San Diego,
California
|
-$98.6K |
| 3 |
Morgan Stanley
New York
|
-$40.8K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$13.2K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$7.1K |
GLU Hedge Fund Activity: Q3 2023 in Review
23 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q3 2023, worth a combined $14.4M — up 16% from $12.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GLU positions and 2 closed out — a net gain of 3 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Osaic Holdings, adding an estimated $2.24M. The largest seller was NewEdge Advisors, exiting entirely with an estimated $237K sold.
- 23 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q3 2023, up from 20 in Q2 2023.
- Funds reported $14.4M of Gabelli Utility & Income Trust stock for Q3 2023, up 16% quarter-over-quarter.
- 5 funds opened new Gabelli Utility & Income Trust positions in Q3 2023 and 2 closed out, a net change of +3 holders.
- The largest Gabelli Utility & Income Trust buyer in Q3 2023 was Osaic Holdings, an estimated $2.24M added.
- The largest Gabelli Utility & Income Trust seller in Q3 2023 was NewEdge Advisors, an estimated $237K sold.
Based on aggregated 13F filings for Q3 2023.