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.
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%)
Top Buyers
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.93M |
| 2 |
Cohen & Steers
New York
|
+$2.19M |
| 3 |
FMA
FNY Managed Accounts
New York
|
+$1.92M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.78M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
76
Weiss Asset Management
Boston,
Massachusetts
| – | -$320K | -9,311 | Closed |
|
|
SWP
77
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$255K | -7,423 | Closed |
|
|
KA
78
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$248K | -7,230 | Closed |
|
|
PGFC
79
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
| – | -$219K | -6,366 | Closed |
|
|
SPC
80
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$210K | -6,121 | Closed |
|
|
CPA
81
Court Place Advisors
Ellicott City,
Maryland
| – | -$203K | -5,909 | Closed |
|
|
BWA
82
BDO Wealth Advisors
Jacksonville,
Florida
| – | -$41K | -1,200 | Closed |
|
83
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$18K | -534 | Closed |
|
|
FMII
84
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$17K | -500 | Closed |
|
|
SFG
85
SevenBridge Financial Group
Harrisburg,
Pennsylvania
| – | -$6K | -168 | Closed |
|
|
PSUF
86
People's United Financial
Bridgeport,
Connecticut
| – | -$5K | -150 | Closed |
|
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.