Mario Gabelli’s Gamco Investors, Inc Et Al Disclosed New Gdl Fund Position

April 16, 2018 - By Winifred Garcia

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.31, from 0.77 in 2017Q3. It is positive, 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.

Gamco Inc Et Al accumulated 302,953 shares or 0.02% of the stock. Carroll Fincl Assoc Inc owns 698 shares. Morgan Stanley has invested 0% in The GDL Fund (NYSE:GDL). Ancora Advisors Limited Liability holds 169,020 shares or 0.09% of its portfolio. Wells Fargo & Mn holds 0% or 82,047 shares. Royal Retail Bank Of Canada has 0% invested in The GDL Fund (NYSE:GDL) for 18,703 shares. Guggenheim Capital Limited Liability Company holds 41,586 shares or 0% of its portfolio. Raymond James Assoc reported 760,228 shares. Zazove Assocs Limited Liability Corp owns 110,269 shares. 15,000 were reported by Raymond James Fin Services Inc. Atlantic Tru Grp Inc Incorporated Lc owns 0% invested in The GDL Fund (NYSE:GDL) for 5,479 shares. New York-based Markston Ltd Liability has invested 0% in The GDL Fund (NYSE:GDL). Bancshares Of America De invested in 295,400 shares or 0% of the stock. Gabelli & Advisers holds 0.92% or 717,293 shares in its portfolio. Cornerstone Advisors has 0.27% invested in The GDL Fund (NYSE:GDL) for 245,411 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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