Gabelli Utility & Income Trust
GLU
20 hedge funds and large institutions have $15.9M invested in Gabelli Utility & Income Trust in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 2 reducing their positions, and 3 closing their positions.
450% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 2
13% more capital invested
Capital invested by funds: $14M → $15.9M (+$1.85M)
0.46% more ownership
Funds ownership: 19.76% → 20.22% (+0.46%)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
5% less funds holding
Funds holding: 21 → 20 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$273K |
| 2 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$182K |
| 3 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
+$167K |
| 4 |
LOPW
Live Oak Private Wealth
Wilmington,
North Carolina
|
+$125K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$92.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$180K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$177K |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$161K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$136K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$17.8K |
GLU Hedge Fund Activity: Q1 2024 in Review
20 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q1 2024, worth a combined $15.9M — up 13% from $14M a quarter earlier.
Fund positioning in GLU was balanced in Q1 2024: 3 funds opened new positions, 3 closed out, 11 added to existing stakes and 2 trimmed.
The largest buyer was UBS Group, adding an estimated $273K. The largest seller was Landscape Capital Management, exiting entirely with an estimated $180K sold.
- 20 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q1 2024, down from 21 in Q4 2023.
- Funds reported $15.9M of Gabelli Utility & Income Trust stock for Q1 2024, up 13% quarter-over-quarter.
- 3 funds opened new Gabelli Utility & Income Trust positions in Q1 2024 and 3 closed out, a net change of 0 holders.
- The largest Gabelli Utility & Income Trust buyer in Q1 2024 was UBS Group, an estimated $273K added.
- The largest Gabelli Utility & Income Trust seller in Q1 2024 was Landscape Capital Management, an estimated $180K sold.
Based on aggregated 13F filings for Q1 2024.