Reaves Utility Income Fund
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.
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
Top Buyers
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.67M |
| 2 |
NRS
Neville Rodie & Shaw
New York
|
+$870K |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$237K |
| 4 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$194K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$190K |
Top Sellers
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.35M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$919K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$624K |
| 4 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
-$511K |
| 5 |
Morgan Stanley
New York
|
-$457K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BNP Paribas Financial Markets
Paris,
France
| $8.99K | +$8.71K | +307 | New |
|
52
US Bancorp
Minneapolis,
Minnesota
| $6K | – | – | – |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $4K | +$2.9K | +102 | +510% |
|
54
Ameriprise
Minneapolis,
Minnesota
| $2K | -$2.9K | -102 | -55% |
|
55
Envestnet Asset Management
Chicago,
Illinois
| – | -$36K | -1,313 | Closed |
|
|
FNBT
56
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$28K | -1,022 | Closed |
|
|
RFA
57
Reilly Financial Advisors
La Mesa,
California
| – | -$11K | -409 | Closed |
|
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.