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Reaves Utility Income Fund
UTG

144 hedge funds and large institutions have $167M invested in Reaves Utility Income Fund in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 39

0.11% more ownership

Funds ownership: 9.18% → 9.3% (+0.11%)

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

3% less funds holding

Funds holding: 148 → 144 (-4)

9% less capital invested

Capital invested by funds: $184M → $167M (-$16.6M)

Holders
144
Holders Change
-4
Holders Change %
-2.7%
% of All Funds
2.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
19
Increased
48
Reduced
39
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TF
Trek Financial
Arizona
+$3.63M
2
HAS
HBW Advisory Services
California
+$1.17M
3
Osaic Holdings
Osaic Holdings
Arizona
+$939K
4
Morgan Stanley
Morgan Stanley
New York
+$935K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$846K

Top Sellers

1
FWM
Focused Wealth Management
New York
-$2.25M
2
Bank of America
Bank of America
North Carolina
-$1.08M
3
Ameriprise
Ameriprise
Minnesota
-$970K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$917K
5
OP
ORG Partners
Indiana
-$857K
Name Holding Trade Value Shares
Change 		Change in
Stake
FHA
76
Flagship Harbor Advisors
Massachusetts
$258K – – –
NRS
77
Neville Rodie & Shaw
New York
$252K – – –
NWA
78
Navis Wealth Advisors
New York
$247K – – –
SIC
79
Samalin Investment Counsel
New York
$242K +$264K +9,832 New
PWS
80
Paragon Wealth Strategies
Florida
$228K +$249K +9,259 New
SWM
81
SeaCrest Wealth Management
New York
$224K – – –
BFEC
82
Benjamin F. Edwards & Company
Missouri
$218K +$3.12K +116 +1%
HBWM
83
Hollow Brook Wealth Management
New York
$213K -$13.7K -511 -6%
IFG
84
Independent Financial Group
California
$212K +$231K +8,610 New
LWA
85
Lowe Wealth Advisors
Maryland
$211K -$9.4K -350 -4%
WSC
86
Wellington Shields & Co
New York
$210K – – –
CA
87
Cetera Advisors
Colorado
$209K +$228K +8,495 New
CAPTRUST Financial Advisors
88
CAPTRUST Financial Advisors
North Carolina
$207K -$28.2K -1,050 -11%
CCWM
89
Cassaday & Co Wealth Management
Virginia
$202K +$220K +8,200 New
IRC
90
Investors Research Corp
Georgia
$174K – – –
SWM
91
Spire Wealth Management
Virginia
$153K -$5.77K -215 -3%
GBT
92
Grove Bank & Trust
Florida
$114K – – –
US Bancorp
93
US Bancorp
Minnesota
$101K -$8.35K -311 -7%
IA
94
IFP Advisors
Florida
$96.3K -$7.57K -282 -7%
Comerica Bank
95
Comerica Bank
Texas
$96.1K +$105K +3,897 New
OLVIG
96
Oliver Lagore Vanvalin Investment Group
Michigan
$93.5K +$13.4K +500 +15%
Fifth Third Bancorp
97
Fifth Third Bancorp
Ohio
$66.7K +$36.3K +1,352 +100%
LWANC
98
Laurel Wealth Advisors (North Carolina)
North Carolina
$61.6K – – –
HI
99
Harbour Investments
Wisconsin
$55.8K – – –
AF
100
Advisornet Financial
Minnesota
$54.5K +$7.52K +280 +15%
2 3
4
5 6

UTG Hedge Fund Activity: Q3 2023 in Review

144 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2023, worth a combined $167M — down 9% from $184M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of UTG and 19 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 48 added.

The largest buyer was Trek Financial, adding an estimated $3.63M. The largest seller was Focused Wealth Management, cutting an estimated $2.25M.

  • 144 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2023, down from 148 in Q2 2023.
  • Funds reported $167M of Reaves Utility Income Fund stock for Q3 2023, down 9% quarter-over-quarter.
  • 19 funds opened new Reaves Utility Income Fund positions in Q3 2023 and 21 closed out, a net change of -2 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2023 was Trek Financial, an estimated $3.63M added.
  • The largest Reaves Utility Income Fund seller in Q3 2023 was Focused Wealth Management, an estimated $2.25M sold.

Based on aggregated 13F filings for Q3 2023.