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Reaves Utility Income Fund
UTG

110 hedge funds and large institutions have $177M invested in Reaves Utility Income Fund in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 48 increasing their positions, 24 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 24

0.78% less ownership

Funds ownership: 10.96% → 10.18% (-0.78%)

1% less capital invested

Capital invested by funds: $179M → $177M (-$1.75M)

6% less funds holding

Funds holding: 117 → 110 (-7)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
110
Holders Change
-7
Holders Change %
-5.98%
% of All Funds
2.39%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
10
Increased
48
Reduced
24
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$2.69M
2
Ameriprise
Ameriprise
Minnesota
+$1.42M
3
Bank of America
Bank of America
North Carolina
+$1.32M
4
WANY
Wealthspire Advisors (New York)
New York
+$1.25M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$1.24M

Top Sellers

1
PAIM
Punch & Associates Investment Management
Minnesota
-$6.54M
2
YCM
Yakira Capital Management
Connecticut
-$5.23M
3
CL
CSS LLC
Illinois
-$5.09M
4
Cohen & Steers
Cohen & Steers
New York
-$3.09M
5
RJA
Raymond James & Associates
Florida
-$2.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
FWM
26
Focused Wealth Management
New York
$1.54M +$251K +7,258 +20%
BF
27
BOK Financial
Oklahoma
$1.52M – – –
ISL
28
Ingalls & Snyder LLC
New York
$1.36M +$34.6K +1,000 +3%
SG
29
StoneX Group
New York
$1.33M -$46.7K -1,350 -3%
ACA
30
Aptus Capital Advisors
Alabama
$1.31M -$660K -19,112 -34%
SVWAG
31
Sound View Wealth Advisors Group
Georgia
$1.11M +$1.07M +31,072 New
DC
32
Davenport & Co
Virginia
$1.08M +$27.6K +800 +3%
Creative Planning
33
Creative Planning
Kansas
$1.04M -$9.57K -277 -0.9%
SPIA
34
Steward Partners Investment Advisory
New York
$1M +$176K +5,082 +22%
RIA
35
Realta Investment Advisors
Delaware
$944K +$72.6K +2,100 +9%
TA
36
TCG Advisors
Texas
$786K -$9.92K -287 -1%
AG
37
Advisor Group
Arizona
$762K +$84.5K +2,444 +13%
HCM
38
Hodges Capital Management
Texas
$754K +$35.4K +1,025 +5%
BCM
39
Brookstone Capital Management
Illinois
$727K +$80.5K +2,328 +13%
BL
40
Balentine LLC
Georgia
$706K +$577K +16,707 +557%
SPC
41
Sigma Planning Corp
Michigan
$579K +$291K +8,432 +109%
APP
42
Avantax Planning Partners
Iowa
$542K – – –
PSUF
43
People's United Financial
Connecticut
$537K +$518K +14,998 New
CAN
44
Cetera Advisor Networks
California
$510K +$57.4K +1,660 +13%
NRS
45
Neville Rodie & Shaw
New York
$480K – – –
BAM
46
Belpointe Asset Management
Nevada
$470K +$84.8K +2,454 +23%
WS
47
Wedbush Securities
California
$461K +$17.3K +500 +4%
Mariner
48
Mariner
Kansas
$455K +$439K +12,700 New
AIP
49
Ahrens Investment Partners
Louisiana
$447K +$39K +1,130 +10%
US Bancorp
50
US Bancorp
Minnesota
$407K +$104K +3,000 +36%
1
2
3 4 5

UTG Hedge Fund Activity: Q2 2019 in Review

110 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2019, worth a combined $177M — down 0.98% from $179M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of UTG and 10 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 48 added.

The largest buyer was Wells Fargo, adding an estimated $2.69M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $6.54M sold.

  • 110 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2019, down from 117 in Q1 2019.
  • Funds reported $177M of Reaves Utility Income Fund stock for Q2 2019, down 0.98% quarter-over-quarter.
  • 10 funds opened new Reaves Utility Income Fund positions in Q2 2019 and 15 closed out, a net change of -5 holders.
  • The largest Reaves Utility Income Fund buyer in Q2 2019 was Wells Fargo, an estimated $2.69M added.
  • The largest Reaves Utility Income Fund seller in Q2 2019 was Punch & Associates Investment Management, an estimated $6.54M sold.

Based on aggregated 13F filings for Q2 2019.