Reaves Utility Income Fund
73 hedge funds and large institutions have $84.8M invested in Reaves Utility Income Fund in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
6% more funds holding
Funds holding: 69 → 73 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.85% less ownership
Funds ownership: 8.89% → 8.04% (-0.85%)
9% less capital invested
Capital invested by funds: $93.1M → $84.8M (-$8.29M)
Top Buyers
Top Sellers
| 1 |
Citigroup
New York
|
-$3.68M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$3.05M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.99M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.15M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$973K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IWMPD
76
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$174K | -5,680 | Closed |
|
|
BBHC
77
Brown Brothers Harriman & Co
New York
| – | -$76K | -2,500 | Closed |
|
78
Envestnet Asset Management
Chicago,
Illinois
| – | -$63K | -2,047 | Closed |
|
|
FM
79
Forward Management
San Francisco,
California
| – | +$30 | +1 | New |
|
UTG Hedge Fund Activity: Q4 2016 in Review
73 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2016, worth a combined $84.8M — down 8.9% from $93.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new UTG positions and 6 closed out — a net gain of 5 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Bank of America, adding an estimated $1.44M. The largest seller was Citigroup, cutting an estimated $3.68M.
- 73 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2016, up from 69 in Q3 2016.
- Funds reported $84.8M of Reaves Utility Income Fund stock for Q4 2016, down 8.9% quarter-over-quarter.
- 11 funds opened new Reaves Utility Income Fund positions in Q4 2016 and 6 closed out, a net change of +5 holders.
- The largest Reaves Utility Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.44M added.
- The largest Reaves Utility Income Fund seller in Q4 2016 was Citigroup, an estimated $3.68M sold.
Based on aggregated 13F filings for Q4 2016.