Reaves Utility Income Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.06M |
| 2 |
Citigroup
New York
|
+$2.13M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.18M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$922K |
| 5 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
+$665K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$1.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.8M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.13M |
| 4 |
NRS
Neville Rodie & Shaw
New York
|
-$974K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$616K |
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.