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Reaves Utility Income Fund
UTG

56 hedge funds and large institutions have $60.7M invested in Reaves Utility Income Fund in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

8% more funds holding

Funds holding: 52 → 56 (+4)

5% more capital invested

Capital invested by funds: $57.6M → $60.7M (+$3.06M)

0.18% less ownership

Funds ownership: 7.31% → 7.13% (-0.18%)

40% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 20

Holders
56
Holders Change
+4
Holders Change %
+7.69%
% of All Funds
1.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
7
Increased
12
Reduced
20
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$2.67M
2
NRS
Neville Rodie & Shaw
New York
+$870K
3
B
Baird
Wisconsin
+$237K
4
HCM
Hodges Capital Management
Texas
+$194K
5
Bank of America
Bank of America
North Carolina
+$190K

Top Sellers

1
CA
Cornerstone Advisors
North Carolina
-$2.35M
2
Invesco
Invesco
Georgia
-$919K
3
AAM
Advisors Asset Management
Colorado
-$624K
4
HBWM
Hollow Brook Wealth Management
New York
-$511K
5
Morgan Stanley
Morgan Stanley
New York
-$457K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Lucas Capital Management
New Jersey
$431K – – –
CCM
27
Catawba Capital Management
Virginia
$397K – – –
Creative Planning
28
Creative Planning
Kansas
$366K -$155K -5,451 -30%
First Trust Advisors
29
First Trust Advisors
Illinois
$366K +$14.9K +526 +4%
FWM
30
Focused Wealth Management
New York
$356K -$8.46K -298 -2%
FAAS
31
First Allied Advisory Services
California
$315K -$360K -12,673 -54%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$305K -$18.2K -641 -6%
B
33
Baird
Wisconsin
$244K +$237K +8,337 New
BFS
34
Bradley Foster & Sargent
Connecticut
$217K -$29K -1,022 -12%
HCM
35
Hodges Capital Management
Texas
$201K +$194K +6,847 New
Deutsche Bank
36
Deutsche Bank
Germany
$181K +$175K +6,183 New
CFN
37
Cordasco Financial Network
Florida
$169K – – –
MFS
38
MSI Financial Services
Massachusetts
$121K +$1.05K +37 +0.9%
NES
39
New England Securities
New York
$89K – – –
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$74K – – –
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$70K +$21.8K +767 +47%
AIG
42
American International Group
New York
$56.6K +$30.2K +1,064 +123%
WA
43
WFG Advisors
Texas
$48K -$14.5K -511 -24%
Citigroup
44
Citigroup
New York
$45K +$26.1K +920 +149%
OC
45
Oakworth Capital
Alabama
$33K – – –
SFSIG
46
San Francisco Sentry Investment Group
California
$30K – – –
CFA
47
Carroll Financial Associates
North Carolina
$25K – – –
HCM
48
Highlander Capital Management
New Jersey
$18.1K – – –
GT
49
Glenmede Trust
Pennsylvania
$15K – – –
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$14K +$13.3K +470 New
1
2
3

UTG Hedge Fund Activity: Q2 2014 in Review

56 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2014, worth a combined $60.7M — up 5.3% from $57.6M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new UTG positions and 3 closed out — a net gain of 4 holders — while 12 added to existing stakes and 20 trimmed.

The largest buyer was Guggenheim Capital, opening a new position worth an estimated $2.67M. The largest seller was Cornerstone Advisors, cutting an estimated $2.35M.

  • 56 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2014, up from 52 in Q1 2014.
  • Funds reported $60.7M of Reaves Utility Income Fund stock for Q2 2014, up 5.3% quarter-over-quarter.
  • 7 funds opened new Reaves Utility Income Fund positions in Q2 2014 and 3 closed out, a net change of +4 holders.
  • The largest Reaves Utility Income Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $2.67M added.
  • The largest Reaves Utility Income Fund seller in Q2 2014 was Cornerstone Advisors, an estimated $2.35M sold.

Based on aggregated 13F filings for Q2 2014.