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Reaves Utility Income Fund
UTG

113 hedge funds and large institutions have $166M invested in Reaves Utility Income Fund in 2018 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 8

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

46% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 24

18% more funds holding

Funds holding: 96 → 113 (+17)

0.76% less ownership

Funds ownership: 12.36% → 11.6% (-0.76%)

10% less capital invested

Capital invested by funds: $184M → $166M (-$18.3M)

Holders
113
Holders Change
+17
Holders Change %
+17.71%
% of All Funds
2.52%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
25
Increased
35
Reduced
24
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$1.85M
2
Bank of America
Bank of America
North Carolina
+$1.2M
3
Morgan Stanley
Morgan Stanley
New York
+$1.06M
4
RJA
Raymond James & Associates
Florida
+$1.06M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$861K

Top Sellers

1
YCM
Yakira Capital Management
Connecticut
-$15.9M
2
RCM
Robinson Capital Management
Michigan
-$2.65M
3
Stifel Financial
Stifel Financial
Missouri
-$2.62M
4
KIM
Karpus Investment Management
New York
-$2.12M
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$1.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
26
Sowell Financial Services
Arkansas
$1.29M +$233K +7,637 +21%
BF
27
BOK Financial
Oklahoma
$1.25M – – –
Creative Planning
28
Creative Planning
Kansas
$1.19M +$13.7K +448 +1%
WANY
29
Wealthspire Advisors (New York)
New York
$1.11M +$1.15M +37,651 New
ISL
30
Ingalls & Snyder LLC
New York
$1.08M – – –
SG
31
StoneX Group
New York
$1.04M +$112K +3,666 +12%
SVWA
32
Sound View Wealth Advisors
Georgia
$956K +$991K +32,472 New
FWM
33
Focused Wealth Management
New York
$917K +$148K +4,843 +18%
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$830K +$861K +28,205 New
DC
35
Davenport & Co
Virginia
$818K +$85.5K +2,800 +11%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$768K -$81.2K -2,659 -9%
IA
37
IFP Advisors
Florida
$767K +$74.5K +2,440 +10%
MFG
38
Magnus Financial Group
New York
$747K +$775K +25,383 New
BI
39
Bramshill Investments
Florida
$735K +$763K +24,978 New
SPIA
40
Steward Partners Investment Advisory
New York
$687K -$68K -2,227 -9%
TA
41
TCG Advisors
Texas
$685K +$711K +23,275 New
Bank of Nova Scotia
42
Bank of Nova Scotia
Ontario, Canada
$668K +$693K +22,712 New
BAM
43
Belpointe Asset Management
Nevada
$574K -$53.2K -1,741 -8%
AG
44
Advisor Group
Arizona
$557K +$10.3K +336 +2%
Invesco
45
Invesco
Georgia
$507K -$113K -3,706 -18%
HCM
46
Hodges Capital Management
Texas
$425K +$78.2K +2,560 +22%
NRS
47
Neville Rodie & Shaw
New York
$395K – – –
BRWM
48
B. Riley Wealth Management
Tennessee
$340K +$352K +11,537 New
DI
49
DFPG Investments
Utah
$336K +$349K +11,420 New
LFAS
50
Level Four Advisory Services
Texas
$335K -$280K -9,187 -45%
1
2
3 4 5

UTG Hedge Fund Activity: Q4 2018 in Review

113 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2018, worth a combined $166M — down 9.9% from $184M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new UTG positions and 8 closed out — a net gain of 17 holders — while 35 added to existing stakes and 24 trimmed.

The largest buyer was Wells Fargo, adding an estimated $1.85M. The largest seller was Yakira Capital Management, cutting an estimated $15.9M.

  • 113 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2018, up from 96 in Q3 2018.
  • Funds reported $166M of Reaves Utility Income Fund stock for Q4 2018, down 9.9% quarter-over-quarter.
  • 25 funds opened new Reaves Utility Income Fund positions in Q4 2018 and 8 closed out, a net change of +17 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2018 was Wells Fargo, an estimated $1.85M added.
  • The largest Reaves Utility Income Fund seller in Q4 2018 was Yakira Capital Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q4 2018.