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Virtus Reaves Utilities ETF
UTES

80 hedge funds and large institutions have $148M invested in Virtus Reaves Utilities ETF in 2025 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 14

100% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 14

29% more capital invested

Capital invested by funds: $115M → $148M (+$33.3M)

21% more funds holding

Funds holding: 66 → 80 (+14)

3.12% less ownership

Funds ownership: 41.07% → 37.95% (-3.1%)

Holders
80
Holders Change
+14
Holders Change %
+21.21%
% of All Funds
1.07%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
28
Increased
28
Reduced
14
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$7.68M
2
RAM
Riggs Asset Management
Pennsylvania
+$6.42M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$5.94M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.41M
5
Stifel Financial
Stifel Financial
Missouri
+$3.22M

Top Sellers

1
BFA
Beaumont Financial Advisors
Massachusetts
-$6.66M
2
Goldman Sachs
Goldman Sachs
New York
-$5.56M
3
SAM
Synergy Asset Management
Washington
-$3.26M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.26M
5
SPC
Sigma Planning Corp
Michigan
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$19.9M +$7.68M +114,423 +59%
Cambridge Investment Research Advisors
2
Cambridge Investment Research Advisors
Iowa
$13.8M +$2.42M +36,088 +20%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$12.8M +$4.41M +65,697 +49%
RAM
4
Riggs Asset Management
Pennsylvania
$11.8M +$6.42M +95,618 +109%
Cetera Investment Advisers
5
Cetera Investment Advisers
Illinois
$8.89M +$5.94M +88,400 +180%
KDA
6
Kraft Davis & Associates
Missouri
$8.52M -$193K -2,876 -2%
GVAG
7
Great Valley Advisor Group
Delaware
$6.44M +$265K +3,951 +4%
Stifel Financial
8
Stifel Financial
Missouri
$6.29M +$3.22M +47,896 +97%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$3.35M +$470K +6,999 +16%
AWS
10
Atria Wealth Solutions
New York
$3.35M +$2.21M +32,896 +174%
RHP
11
Royal Harbor Partners
Texas
$3.31M -$259K -3,863 -7%
EH
12
Equitable Holdings
New York
$3.26M +$914K +13,609 +37%
Osaic Holdings
13
Osaic Holdings
Arizona
$2.61M +$1.6M +23,791 +143%
Citadel Advisors
14
Citadel Advisors
Florida
$2.58M +$2.68M +39,898 New
ARG
15
Advisory Resource Group
Oklahoma
$2.55M +$2.65M +39,491 New
SGCA
16
Steel Grove Capital Advisors
Tennessee
$2.46M +$698K +10,397 +38%
CCFM
17
Clear Creek Financial Management
Washington
$2.46M -$23.4K -348 -0.9%
PI
18
PFG Investments
New York
$2.38M +$2.47M +36,855 New
GIA
19
Gladstone Institutional Advisory
Florida
$2.37M +$2.46M +36,630 New
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$2.28M -$2.26M -33,670 -49%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$2.25M +$467K +6,955 +25%
AAS
22
Avantax Advisory Services
Texas
$2.14M +$2.22M +33,099 New
KWA
23
Kingswood Wealth Advisors
California
$1.82M +$169K +2,515 +10%
FTS
24
Fifth Third Securities
Ohio
$1.22M +$147K +2,187 +13%
MA
25
MONECO Advisors
Connecticut
$1.17M +$1.21M +18,049 New
1
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UTES Hedge Fund Activity: Q1 2025 in Review

80 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Virtus Reaves Utilities ETF (UTES) for Q1 2025, worth a combined $148M — up 29% from $115M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new UTES positions and 14 closed out — a net gain of 14 holders — while 28 added to existing stakes and 14 trimmed.

The largest buyer was LPL Financial, adding an estimated $7.68M. The largest seller was Beaumont Financial Advisors, exiting entirely with an estimated $6.66M sold.

  • 80 institutional investors held Virtus Reaves Utilities ETF (UTES) as of Q1 2025, up from 66 in Q4 2024.
  • Funds reported $148M of Virtus Reaves Utilities ETF stock for Q1 2025, up 29% quarter-over-quarter.
  • 28 funds opened new Virtus Reaves Utilities ETF positions in Q1 2025 and 14 closed out, a net change of +14 holders.
  • The largest Virtus Reaves Utilities ETF buyer in Q1 2025 was LPL Financial, an estimated $7.68M added.
  • The largest Virtus Reaves Utilities ETF seller in Q1 2025 was Beaumont Financial Advisors, an estimated $6.66M sold.

Based on aggregated 13F filings for Q1 2025.