Gabelli Utility & Income Trust
GLU
23 hedge funds and large institutions have $15.1M invested in Gabelli Utility & Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 7 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
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
15% more funds holding
Funds holding: 20 → 23 (+3)
5% less capital invested
Capital invested by funds: $15.9M → $15.1M (-$714K)
1.92% less ownership
Funds ownership: 20.22% → 18.3% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$333K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$87.5K |
| 3 |
Morgan Stanley
New York
|
+$54.8K |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$37.6K |
| 5 |
CA
CoreCap Advisors
Southfield,
Michigan
|
+$17K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$190K |
| 2 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
-$182K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$102K |
| 4 |
LPL Financial
San Diego,
California
|
-$29.2K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$10.7K |
GLU Hedge Fund Activity: Q2 2024 in Review
23 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility & Income Trust (GLU) for Q2 2024, worth a combined $15.1M — down 4.5% from $15.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GLU positions and 2 closed out — a net gain of 3 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $333K. The largest seller was Osaic Holdings, cutting an estimated $190K.
- 23 institutional investors held Gabelli Utility & Income Trust (GLU) as of Q2 2024, up from 20 in Q1 2024.
- Funds reported $15.1M of Gabelli Utility & Income Trust stock for Q2 2024, down 4.5% quarter-over-quarter.
- 5 funds opened new Gabelli Utility & Income Trust positions in Q2 2024 and 2 closed out, a net change of +3 holders.
- The largest Gabelli Utility & Income Trust buyer in Q2 2024 was Shaker Financial Services, an estimated $333K added.
- The largest Gabelli Utility & Income Trust seller in Q2 2024 was Osaic Holdings, an estimated $190K sold.
Based on aggregated 13F filings for Q2 2024.