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Reaves Utility Income Fund
UTG

68 hedge funds and large institutions have $103M invested in Reaves Utility Income Fund in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

1% more funds holding

Funds holding: 67 → 68 (+1)

5.91% less ownership

Funds ownership: 15.95% → 10.04% (-5.9%)

14% less capital invested

Capital invested by funds: $120M → $103M (-$17M)

Holders
68
Holders Change
+1
Holders Change %
+1.49%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
24
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$4.42M
2
Citigroup
Citigroup
New York
+$835K
3
DA
Doliver Advisors
Texas
+$741K
4
LH
Lebenthal Holdings
New York
+$740K
5
JHIU
Janus Henderson Investors US
Colorado
+$696K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$23.3M
2
YCM
Yakira Capital Management
Connecticut
-$6.71M
3
COLIM
City of London Investment Management
United Kingdom
-$4.22M
4
MIG
Mariner Investment Group
New York
-$2.05M
5
SG Americas Securities
SG Americas Securities
New York
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
51
Evercore Wealth Management
New York
$60K – – –
JIC
52
Joel Isaacson & Co
New York
$60K – – –
LWM
53
LBA Wealth Management
Florida
$60K +$54.8K +2,000 New
WA
54
WFG Advisors
Texas
$52K – – –
CFN
55
Cordasco Financial Network
Florida
$44K -$27 -1 -0.1%
BFEC
56
Benjamin F. Edwards & Company
Missouri
$39K +$9.6K +350 +37%
OC
57
Oakworth Capital
Alabama
$33K – – –
CK
58
Carnick & Kubik
Colorado
$33K +$30.2K +1,100 New
CFA
59
Carroll Financial Associates
North Carolina
$26K – – –
GWM
60
Geneos Wealth Management
Colorado
$25K +$23.1K +843 New
SNT
61
Security National Trust
West Virginia
$24K – – –
FMII
62
Farmers & Merchants Investments Inc
Nebraska
$22K – – –
HCM
63
Highlander Capital Management
New Jersey
$18K – – –
GT
64
Glenmede Trust
Pennsylvania
$15K +$13.8K +502 New
Fifth Third Bancorp
65
Fifth Third Bancorp
Ohio
$12K -$11K -400 -50%
DLHL
66
Donald L. Hagan LLC
Florida
$8K +$7.32K +267 New
TDC
67
Thompson Davis & Co
Virginia
$7K +$6.86K +250 New
PFS
68
Physicians Financial Services
North Carolina
$3K – – –
MIG
69
Mariner Investment Group
New York
– -$2.05M -78,787 Closed
SG Americas Securities
70
SG Americas Securities
New York
– -$1.58M -60,918 Closed
CA
71
Cornerstone Advisors
North Carolina
– -$1.36M -52,400 Closed
Marshall Wace
72
Marshall Wace
United Kingdom
– -$773K -29,753 Closed
Squarepoint
73
Squarepoint
New York
– -$457K -17,600 Closed
AA
74
Ancora Advisors
Ohio
– -$416K -16,000 Closed
NPC
75
National Planning Corporation
California
– -$421K -15,149 Closed
1 2
3
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UTG Hedge Fund Activity: Q1 2016 in Review

68 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2016, worth a combined $103M — down 14% from $120M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new UTG positions and 11 closed out — a net gain of 2 holders — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Bank of Nova Scotia, opening a new position worth an estimated $4.42M. The largest seller was Sit Investment Associates, cutting an estimated $23.3M.

  • 68 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2016, up from 67 in Q4 2015.
  • Funds reported $103M of Reaves Utility Income Fund stock for Q1 2016, down 14% quarter-over-quarter.
  • 13 funds opened new Reaves Utility Income Fund positions in Q1 2016 and 11 closed out, a net change of +2 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2016 was Bank of Nova Scotia, an estimated $4.42M added.
  • The largest Reaves Utility Income Fund seller in Q1 2016 was Sit Investment Associates, an estimated $23.3M sold.

Based on aggregated 13F filings for Q1 2016.