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Reaves Utility Income Fund
UTG

120 hedge funds and large institutions have $169M invested in Reaves Utility Income Fund in 2020 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

7% more capital invested

Capital invested by funds: $157M → $169M (+$11.5M)

6% more funds holding

Funds holding: 113 → 120 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.16% less ownership

Funds ownership: 10.63% → 10.47% (-0.16%)

8% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 36

Holders
120
Holders Change
+7
Holders Change %
+6.19%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
33
Reduced
36
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.29M
2
WAM
Wealthspire Advisors (Maryland)
Maryland
+$2.28M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.41M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$1.07M
5
UBS Group
UBS Group
Switzerland
+$1.06M

Top Sellers

1
WANY
Wealthspire Advisors (New York)
New York
-$1.73M
2
Cohen & Steers
Cohen & Steers
New York
-$1.66M
3
Wells Fargo
Wells Fargo
California
-$904K
4
AAM
Advisors Asset Management
Colorado
-$749K
5
ISL
Ingalls & Snyder LLC
New York
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFG
26
Magnus Financial Group
New York
$2M +$129K +4,114 +7%
RJA
27
Raymond James & Associates
Florida
$1.69M +$58.3K +1,854 +4%
SPIA
28
Steward Partners Investment Advisory
New York
$1.59M -$16K -508 -1%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$1.56M +$1.07M +33,949 +212%
GLA
30
Good Life Advisors
Pennsylvania
$1.45M +$64.1K +2,037 +5%
BF
31
BOK Financial
Oklahoma
$1.44M – – –
AAM
32
Advisors Asset Management
Colorado
$1.17M -$749K -23,822 -39%
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$1.13M +$232K +7,363 +26%
DC
34
Davenport & Co
Virginia
$1.03M +$6.29K +200 +0.6%
SG
35
StoneX Group
New York
$1M -$11.5K -366 -1%
Creative Planning
36
Creative Planning
Kansas
$929K -$21.5K -684 -2%
SVWAG
37
Sound View Wealth Advisors Group
Georgia
$882K -$42.7K -1,357 -5%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$854K -$15K -476 -2%
AAS
39
Avantax Advisory Services
Texas
$765K +$768K +24,432 New
AWM
40
AE Wealth Management
Kansas
$741K -$187K -5,944 -20%
BWM
41
BerganKDV Wealth Management
Minnesota
$741K -$43.2K -1,374 -5%
ISL
42
Ingalls & Snyder LLC
New York
$721K -$440K -13,999 -38%
CNB
43
Camden National Bank
Maine
$602K +$33.8K +1,076 +6%
BCM
44
Brookstone Capital Management
Illinois
$544K -$23.7K -753 -4%
AIP
45
Ahrens Investment Partners
Louisiana
$472K +$475K +15,100 New
Baird Financial Group
46
Baird Financial Group
Wisconsin
$443K +$72.5K +2,304 +19%
Deutsche Bank
47
Deutsche Bank
Germany
$442K – – –
SWM
48
SeaCrest Wealth Management
New York
$435K +$45.6K +1,450 +12%
FFA
49
First Foundation Advisors
California
$428K -$22.7K -722 -5%
NRS
50
Neville Rodie & Shaw
New York
$420K – – –
1
2
3 4 5

UTG Hedge Fund Activity: Q3 2020 in Review

120 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2020, worth a combined $169M — up 7.3% from $157M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new UTG positions and 10 closed out — a net gain of 8 holders — while 33 added to existing stakes and 36 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $2.29M. The largest seller was Wealthspire Advisors (New York), cutting an estimated $1.73M.

  • 120 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2020, up from 113 in Q2 2020.
  • Funds reported $169M of Reaves Utility Income Fund stock for Q3 2020, up 7.3% quarter-over-quarter.
  • 18 funds opened new Reaves Utility Income Fund positions in Q3 2020 and 10 closed out, a net change of +8 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2020 was Royal Bank of Canada, an estimated $2.29M added.
  • The largest Reaves Utility Income Fund seller in Q3 2020 was Wealthspire Advisors (New York), an estimated $1.73M sold.

Based on aggregated 13F filings for Q3 2020.