Reaves Utility Income Fund
55 hedge funds and large institutions have $61.9M invested in Reaves Utility Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 6 closing their positions.
144% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 9
2% more capital invested
Capital invested by funds: $60.7M → $61.9M (+$1.2M)
0.37% more ownership
Funds ownership: 7.13% → 7.5% (+0.37%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 56 → 55 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Envestnet Asset Management
Chicago,
Illinois
| $12K | +$11.5K | +409 | New |
|
52
Ameriprise
Minneapolis,
Minnesota
| $11K | +$8.64K | +306 | +373% |
|
53
US Bancorp
Minneapolis,
Minnesota
| $9K | +$2.91K | +103 | +50% |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $3K | – | – | – |
|
|
VKH
55
Virtu KCG Holdings
New York
| – | -$516K | -17,592 | Closed |
|
|
FAAS
56
First Allied Advisory Services
San Diego,
California
| – | -$315K | -10,731 | Closed |
|
|
HCM
57
Hodges Capital Management
Dallas,
Texas
| – | -$201K | -6,847 | Closed |
|
58
BNP Paribas Financial Markets
Paris,
France
| – | -$8.99K | -307 | Closed |
|
|
BIM
59
BlackRock Investment Management
Wilmington,
Delaware
| – | +$28 | +1 | New |
|
UTG Hedge Fund Activity: Q3 2014 in Review
55 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2014, worth a combined $61.9M — up 2% from $60.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of UTG and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 22 added.
The largest buyer was Bank of America, adding an estimated $1.99M. The largest seller was Invesco, cutting an estimated $1.61M.
- 55 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2014, down from 56 in Q2 2014.
- Funds reported $61.9M of Reaves Utility Income Fund stock for Q3 2014, up 2% quarter-over-quarter.
- 5 funds opened new Reaves Utility Income Fund positions in Q3 2014 and 6 closed out, a net change of -1 holder.
- The largest Reaves Utility Income Fund buyer in Q3 2014 was Bank of America, an estimated $1.99M added.
- The largest Reaves Utility Income Fund seller in Q3 2014 was Invesco, an estimated $1.61M sold.
Based on aggregated 13F filings for Q3 2014.