We are live on ! Find out more
UTG icon

Reaves Utility Income Fund
UTG

69 hedge funds and large institutions have $93.1M invested in Reaves Utility Income Fund in 2016 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

1% more funds holding

Funds holding: 68 → 69 (+1)

6% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 17

0.2% more ownership

Funds ownership: 8.68% → 8.89% (+0.2%)

4% less capital invested

Capital invested by funds: $96.8M → $93.1M (-$3.69M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
69
Holders Change
+1
Holders Change %
+1.47%
% of All Funds
1.84%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
11
Increased
18
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
+$3.06M
2
Citigroup
Citigroup
New York
+$2.13M
3
DA
Doliver Advisors
Texas
+$1.18M
4
GC
Guggenheim Capital
Illinois
+$922K
5
HBWM
Hollow Brook Wealth Management
New York
+$665K

Top Sellers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
-$1.9M
2
Wells Fargo
Wells Fargo
California
-$1.8M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$1.13M
4
NRS
Neville Rodie & Shaw
New York
-$974K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$616K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
51
Evercore Wealth Management
New York
$61K – – –
JIC
52
Joel Isaacson & Co
New York
$61K – – –
IA
53
IFP Advisors
Florida
$52K +$9.78K +313 +23%
BFEC
54
Benjamin F. Edwards & Company
Missouri
$40K – – –
LWM
55
LBA Wealth Management
Florida
$37K – – –
SEI Investments
56
SEI Investments
Pennsylvania
$37K +$37.5K +1,200 New
OC
57
Oakworth Capital
Alabama
$34K – – –
CFA
58
Carroll Financial Associates
North Carolina
$27K – – –
SNT
59
Security National Trust
West Virginia
$24K – – –
HCM
60
Highlander Capital Management
New Jersey
$18K – – –
GWM
61
Geneos Wealth Management
Colorado
$15K -$10.5K -335 -40%
FMII
62
Farmers & Merchants Investments Inc
Nebraska
$15K -$7.65K -245 -33%
GT
63
Glenmede Trust
Pennsylvania
$15K – – –
WRM
64
Westport Resources Management
Connecticut
$12K -$55.3K -1,772 -81%
Fifth Third Bancorp
65
Fifth Third Bancorp
Ohio
$12K – – –
CFN
66
Cordasco Financial Network
Florida
$11K – – –
PSUF
67
People's United Financial
Connecticut
$5K +$4.68K +150 New
PFS
68
Physicians Financial Services
North Carolina
$3K – – –
US Bancorp
69
US Bancorp
Minnesota
$1K +$1.37K +44 New
NRS
70
Neville Rodie & Shaw
New York
– -$974K -30,000 Closed
LAM
71
Lebenthal Asset Management
New York
– -$390K -12,000 Closed
AAM
72
Advisors Asset Management
Colorado
– -$347K -10,674 Closed
BFS
73
Bradley Foster & Sargent
Connecticut
– -$205K -6,320 Closed
Deutsche Bank
74
Deutsche Bank
Germany
– -$155K -4,800 Closed
RFA
75
Reilly Financial Advisors
California
– -$63K -1,935 Closed
1 2
3
4

UTG Hedge Fund Activity: Q3 2016 in Review

69 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2016, worth a combined $93.1M — down 3.8% from $96.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new UTG positions and 9 closed out — a net gain of 2 holders — while 18 added to existing stakes and 17 trimmed.

The largest buyer was Curi RMB Capital, opening a new position worth an estimated $3.06M. The largest seller was Stifel Financial, cutting an estimated $1.9M.

  • 69 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2016, up from 68 in Q2 2016.
  • Funds reported $93.1M of Reaves Utility Income Fund stock for Q3 2016, down 3.8% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q3 2016 and 9 closed out, a net change of +2 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2016 was Curi RMB Capital, an estimated $3.06M added.
  • The largest Reaves Utility Income Fund seller in Q3 2016 was Stifel Financial, an estimated $1.9M sold.

Based on aggregated 13F filings for Q3 2016.