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Reaves Utility Income Fund
UTG

75 hedge funds and large institutions have $93.4M invested in Reaves Utility Income Fund in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 13

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

6% more capital invested

Capital invested by funds: $87.8M → $93.4M (+$5.58M)

3% more funds holding

Funds holding: 73 → 75 (+2)

1.13% more ownership

Funds ownership: 7.45% → 8.58% (+1.1%)

Holders
75
Holders Change
+2
Holders Change %
+2.74%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
29
Reduced
13
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Cornerstone Advisors
North Carolina
+$2.93M
2
Cohen & Steers
Cohen & Steers
New York
+$2.19M
3
FMA
FNY Managed Accounts
New York
+$1.92M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$1.78M
5
CRC
Curi RMB Capital
Illinois
+$1.36M

Top Sellers

1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1M
2
UBS Group
UBS Group
Switzerland
-$642K
3
YCM
Yakira Capital Management
Connecticut
-$522K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$495K
5
WAM
Weiss Asset Management
Massachusetts
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
TW
51
Transform Wealth
Colorado
$209K +$229K +6,600 New
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$192K – – –
FPF
53
FNY Partners Fund
New York
$174K +$191K +5,500 New
PCP
54
Proficio Capital Partners
Massachusetts
$161K – – –
MMG
55
Monetary Management Group
Missouri
$127K +$139K +4,000 New
SEI Investments
56
SEI Investments
Pennsylvania
$102K +$69.8K +2,009 +167%
EWM
57
Evercore Wealth Management
New York
$63K – – –
SIAP
58
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$54K – – –
LWCFA
59
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$49K – – –
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$48K -$127K -3,663 -71%
OC
61
Oakworth Capital
Alabama
$39K – – –
PFBT
62
Parkside Financial Bank & Trust
Missouri
$31K – – –
CFA
63
Carroll Financial Associates
North Carolina
$28K – – –
SNT
64
Security National Trust
West Virginia
$25K – – –
US Bancorp
65
US Bancorp
Minnesota
$24K +$24.5K +705 +993%
MPWT
66
MassMutual Private Wealth & Trust
Connecticut
$19.2K +$21K +606 New
HCM
67
Highlander Capital Management
New Jersey
$19K – – –
GWM
68
Geneos Wealth Management
Colorado
$16K – – –
RIA
69
RPG Investment Advisory
California
$16K – – –
GT
70
Glenmede Trust
Pennsylvania
$15K – – –
Fifth Third Bancorp
71
Fifth Third Bancorp
Ohio
$13K -$35 -1 -0.2%
VFA
72
Valeo Financial Advisors
Indiana
$13K +$13.9K +400 New
CFN
73
Cordasco Financial Network
Florida
$11K – – –
ASN
74
Advisory Services Network
Georgia
$5K +$5.21K +150 New
Susquehanna International Group
75
Susquehanna International Group
Pennsylvania
– -$495K -14,404 Closed
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UTG Hedge Fund Activity: Q3 2017 in Review

75 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2017, worth a combined $93.4M — up 6.4% from $87.8M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new UTG positions and 12 closed out — a net gain of 3 holders — while 29 added to existing stakes and 13 trimmed.

The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $2.93M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $1M.

  • 75 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2017, up from 73 in Q2 2017.
  • Funds reported $93.4M of Reaves Utility Income Fund stock for Q3 2017, up 6.4% quarter-over-quarter.
  • 15 funds opened new Reaves Utility Income Fund positions in Q3 2017 and 12 closed out, a net change of +3 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2017 was Cornerstone Advisors, an estimated $2.93M added.
  • The largest Reaves Utility Income Fund seller in Q3 2017 was Cambridge Investment Research Advisors, an estimated $1M sold.

Based on aggregated 13F filings for Q3 2017.