Gdl Fund: Mario Gabelli’s Gamco Investors, Inc Et Al Makes Purchase

April 16, 2018 - By Vivian Park

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.31, from 0.77 in 2017Q3. It increased, as 2 investors sold The GDL Fund shares while 11 reduced holdings. 6 funds opened positions while 8 raised stakes. 5.89 million shares or 20.88% less from 7.44 million shares in 2017Q3 were reported.

Jolley Asset Management Limited Co holds 5,385 shares or 0.03% of its portfolio. 295,400 were reported by Comml Bank Of America De. 19,728 were accumulated by Susquehanna Intll Grp Limited Liability Partnership. Pnc Service Grp Inc holds 0% or 1,106 shares in its portfolio. Gamco Invsts Et Al stated it has 0.02% of its portfolio in The GDL Fund (NYSE:GDL). Wolverine Asset Mgmt Limited Liability Company accumulated 9,469 shares. The Ontario – Canada-based Royal Retail Bank Of Canada has invested 0% in The GDL Fund (NYSE:GDL). Raymond James Fincl Svcs Advisors has 0% invested in The GDL Fund (NYSE:GDL) for 15,000 shares. Carroll Financial Associates reported 698 shares. Ancora Advsr Limited Liability Corporation reported 0.09% stake. Zazove Assocs Limited Liability Corporation holds 110,269 shares or 0.06% of its portfolio. Raymond James & Assoc, a Florida-based fund reported 760,228 shares. Lazard Asset Mgmt Limited Liability Com stated it has 1.31M shares. Cornerstone Advsrs Inc owns 245,411 shares. Trust Of Vermont, a Vermont-based fund reported 1,550 shares.

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Gdl Fund

Gamco Investors, Inc Et Al reported SC 13D/A form with the SEC for Gdl Fund. Access it here: 000080724918000080. As reported by Mario Gabelli’s Gamco Investors, Inc Et Al, the filler owns 8.77% or 1,534,457 shares of the Finance–company.

Gdl Fund stake is new for [reportingPerson]. Date of activity: April 13, 2018. This shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for Gdl Fund.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s portfolio is in the sector.

Gdl Fund Institutional Sentiment

Filings show 27 investors own Gdl Fund. The ownership in Q3 2017 is low, at Infinity of the outstanding shares. This is increased by 416486. 7438735 were owned by these investors. 5 funds opened new Gdl Fund stakes, 5 increased positions. There were 3 that closed positions and 10 reduced them.

Zazove Associates Llc is an investor bullish on Gdl Fund, owning 110269 shares as of Q3 2017 for 0.06% of its portfolio. Bulldog Investors Llc owns 26554 shares or 0.08% of its portfolio. NY Gabelli Securities Inc have 1.78% of its portfolio for 1510154 shares. Further, Financial & Investment Management Group Ltd reported stake worth 1.23% of its portfolio. The WA Glacier Peak Capital Llc owns 759150 shares. Gdl Fund is 8.81% of its portfolio.

SEC Form 13D.

The stock decreased 0.11% or $0.01 during the last trading session, reaching $9.35. About 18,317 shares traded. The GDL Fund (NYSE:GDL) has declined 5.79% since April 16, 2017 and is downtrending. It has underperformed by 17.34% the S&P500.

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