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Reaves Utility Income Fund
UTG

130 hedge funds and large institutions have $188M invested in Reaves Utility Income Fund in 2019 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 51 increasing their positions, 22 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 22

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

7% more funds holding

Funds holding: 121 → 130 (+9)

4% more capital invested

Capital invested by funds: $180M → $188M (+$7.46M)

0.31% more ownership

Funds ownership: 10.1% → 10.4% (+0.31%)

Holders
130
Holders Change
+9
Holders Change %
+7.44%
% of All Funds
2.56%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
20
Increased
51
Reduced
22
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GIM
Guild Investment Management
California
+$2.55M
2
Bank of America
Bank of America
North Carolina
+$2.03M
3
Wells Fargo
Wells Fargo
California
+$753K
4
CNB
Camden National Bank
Maine
+$637K
5
UBS Group
UBS Group
Switzerland
+$632K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.94M
2
AAM
Advisors Asset Management
Colorado
-$1.6M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.1M
4
GC
Guggenheim Capital
Illinois
-$892K
5
WAM
Weiss Asset Management
Massachusetts
-$795K
Name Holding Trade Value Shares
Change 		Change in
Stake
SNT
101
Security National Trust
West Virginia
$40K – – –
SMFS
102
Squar Milner Financial Services
California
$37K +$37.3K +1,018 New
JCM
103
Jacobi Capital Management
Pennsylvania
$35K – – –
TA
104
TFG Advisers
Michigan
$34K +$33.7K +920 New
1IA
105
1834 Investment Advisors
Wisconsin
$30K – – –
SIC
106
Samalin Investment Counsel
New York
$29K +$29.3K +800 New
WQ
107
Wealth Quarterback
New Jersey
$28.6K +$28.3K +773 New
ASN
108
Advisory Services Network
Georgia
$26K -$29.3K -800 -53%
CFA
109
Carroll Financial Associates
North Carolina
$26K – – –
PA
110
PSI Advisors
Florida
$25K +$25K +683 New
MA
111
MUFG Americas
New York
$24K +$23.7K +647 New
PCG
112
Private Capital Group
Connecticut
$22K – – –
CTC
113
Central Trust Company
Missouri
$19K +$18.3K +500 New
GT
114
Glenmede Trust
Pennsylvania
$18K – – –
RE
115
RBC Europe
United Kingdom
$15.6K – – –
Fifth Third Bancorp
116
Fifth Third Bancorp
Ohio
$15K – – –
VFA
117
Valeo Financial Advisors
Indiana
$15K – – –
BAMG
118
Brand Asset Management Group
Missouri
$13K – – –
CFN
119
Cordasco Financial Network
Florida
$13K – – –
GI
120
Gradient Investments
Minnesota
$13K – – –
Fidelity Investments
121
Fidelity Investments
Massachusetts
$13K +$12.7K +347 +17,350%
DAM
122
Delta Asset Management
Tennessee
$11K – – –
FCA
123
FinTrust Capital Advisors
South Carolina
$11K – – –
RIA
124
RPG Investment Advisory
California
$11K – – –
VRM
125
Vectors Research Management
New York
$7K – – –
2 3 4
5
6

UTG Hedge Fund Activity: Q4 2019 in Review

130 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2019, worth a combined $188M — up 4.1% from $180M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new UTG positions and 11 closed out — a net gain of 9 holders — while 51 added to existing stakes and 22 trimmed.

The largest buyer was Guild Investment Management, adding an estimated $2.55M. The largest seller was Cohen & Steers, cutting an estimated $1.94M.

  • 130 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2019, up from 121 in Q3 2019.
  • Funds reported $188M of Reaves Utility Income Fund stock for Q4 2019, up 4.1% quarter-over-quarter.
  • 20 funds opened new Reaves Utility Income Fund positions in Q4 2019 and 11 closed out, a net change of +9 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2019 was Guild Investment Management, an estimated $2.55M added.
  • The largest Reaves Utility Income Fund seller in Q4 2019 was Cohen & Steers, an estimated $1.94M sold.

Based on aggregated 13F filings for Q4 2019.