Gabelli Utility Trust
GUT
34 hedge funds and large institutions have $9.55M invested in Gabelli Utility Trust in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
5% more capital invested
Capital invested by funds: $9.14M → $9.55M (+$413K)
0.26% less ownership
Funds ownership: 3.6% → 3.34% (-0.26%)
3% less funds holding
Funds holding: 35 → 34 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
IFP Advisors
Tampa,
Florida
|
+$247K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$83.6K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$66.4K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$45.1K |
| 5 |
Morgan Stanley
New York
|
+$35.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$481K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$292K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$159K |
| 4 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$127K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$37.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $18K | – | – | – |
|
|
WEC
27
Winslow Evans & Crocker
Boston,
Massachusetts
| $12.1K | – | – | – |
|
|
GT
28
Glenmede Trust
Philadelphia,
Pennsylvania
| $8K | – | – | – |
|
29
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $5K | – | – | – |
|
|
CHC
30
City Holding Co
Charleston,
West Virginia
| $2K | – | – | – |
|
31
US Bancorp
Minneapolis,
Minnesota
| $1K | -$3.84K | -617 | -76% |
|
32
Citigroup
New York
| $1K | -$56 | -9 | -4% |
|
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$292K | -48,496 | Closed |
|
|
34
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$159K | -26,443 | Closed |
|
|
SBIA
35
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$127K | -21,035 | Closed |
|
|
AIG
36
American International Group
New York
| – | -$18K | -3,085 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$3K | -511 | Closed |
|
|
MRCM
38
M&R Capital Management
Summit,
New Jersey
| – | +$785 | +126 | New |
|
GUT Hedge Fund Activity: Q2 2016 in Review
34 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Gabelli Utility Trust (GUT) for Q2 2016, worth a combined $9.55M — up 4.5% from $9.14M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GUT and 4 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 12 added.
The largest buyer was IFP Advisors, adding an estimated $247K. The largest seller was LPL Financial, cutting an estimated $481K.
- 34 institutional investors held Gabelli Utility Trust (GUT) as of Q2 2016, down from 35 in Q1 2016.
- Funds reported $9.55M of Gabelli Utility Trust stock for Q2 2016, up 4.5% quarter-over-quarter.
- 4 funds opened new Gabelli Utility Trust positions in Q2 2016 and 5 closed out, a net change of -1 holder.
- The largest Gabelli Utility Trust buyer in Q2 2016 was IFP Advisors, an estimated $247K added.
- The largest Gabelli Utility Trust seller in Q2 2016 was LPL Financial, an estimated $481K sold.
Based on aggregated 13F filings for Q2 2016.