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Reaves Utility Income Fund
UTG

118 hedge funds and large institutions have $153M invested in Reaves Utility Income Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 29 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 29

0.46% more ownership

Funds ownership: 10.4% → 10.87% (+0.46%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

9% less funds holding

Funds holding: 130 → 118 (-12)

19% less capital invested

Capital invested by funds: $188M → $153M (-$34.9M)

43% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 23

Holders
118
Holders Change
-12
Holders Change %
-9.23%
% of All Funds
2.6%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
13
Increased
43
Reduced
29
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAIM
Punch & Associates Investment Management
Minnesota
+$4.92M
2
PAG
Private Advisor Group
New Jersey
+$2.11M
3
Cohen & Steers
Cohen & Steers
New York
+$1.68M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.26M
5
Stifel Financial
Stifel Financial
Missouri
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$2.08M
2
YCM
Yakira Capital Management
Connecticut
-$1.78M
3
AAM
Advisors Asset Management
Colorado
-$1.21M
4
Bank of America
Bank of America
North Carolina
-$1.18M
5
AIP
Ahrens Investment Partners
Louisiana
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$1.54M +$47.3K +1,359 +3%
SPIA
27
Steward Partners Investment Advisory
New York
$1.48M +$94.6K +2,714 +6%
BF
28
BOK Financial
Oklahoma
$1.22M – – –
GLA
29
Good Life Advisors
Pennsylvania
$1.2M +$1.1M +31,505 +312%
ISL
30
Ingalls & Snyder LLC
New York
$1.04M -$4.29K -123 -0.3%
DC
31
Davenport & Co
Virginia
$1.02M +$105K +3,000 +9%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$945K +$1.26M +36,230 New
SG
33
StoneX Group
New York
$933K -$73K -2,096 -6%
AWM
34
AE Wealth Management
Kansas
$886K +$240K +6,894 +29%
Creative Planning
35
Creative Planning
Kansas
$884K -$140K -4,030 -12%
SVWAG
36
Sound View Wealth Advisors Group
Georgia
$862K -$12.2K -350 -1%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$799K -$286K -8,204 -23%
BWM
38
BerganKDV Wealth Management
Minnesota
$738K +$372K +10,682 +71%
MML Investors Services
39
MML Investors Services
Massachusetts
$712K -$154K -4,428 -15%
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$667K +$304K +8,735 +60%
CAN
41
Cetera Advisor Networks
California
$650K +$158K +4,535 +25%
OC
42
Oppenheimer & Co
New York
$619K +$749K +21,500 New
DA
43
Doliver Advisors
Texas
$569K +$660K +18,935 New
BCM
44
Brookstone Capital Management
Illinois
$561K -$8.57K -246 -1%
CNB
45
Camden National Bank
Maine
$537K +$44.8K +1,285 +7%
BAM
46
Belpointe Asset Management
Nevada
$464K -$83K -2,382 -13%
AMC
47
Asset Management Corp
Illinois
$463K +$226K +6,500 +68%
FFA
48
First Foundation Advisors
California
$414K -$63.4K -1,821 -11%
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$394K +$35.5K +1,018 +8%
NRS
50
Neville Rodie & Shaw
New York
$386K – – –
1
2
3 4 5

UTG Hedge Fund Activity: Q1 2020 in Review

118 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2020, worth a combined $153M — down 19% from $188M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of UTG and 13 opened new positions — a net loss of 10 holders — while 29 trimmed existing stakes and 43 added.

The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $4.92M. The largest seller was Ameriprise, cutting an estimated $2.08M.

  • 118 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2020, down from 130 in Q4 2019.
  • Funds reported $153M of Reaves Utility Income Fund stock for Q1 2020, down 19% quarter-over-quarter.
  • 13 funds opened new Reaves Utility Income Fund positions in Q1 2020 and 23 closed out, a net change of -10 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2020 was Punch & Associates Investment Management, an estimated $4.92M added.
  • The largest Reaves Utility Income Fund seller in Q1 2020 was Ameriprise, an estimated $2.08M sold.

Based on aggregated 13F filings for Q1 2020.