Reaves Utility Income Fund
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.
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)
Top Buyers
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
+$3.63M |
| 2 |
HAS
HBW Advisory Services
Simi Valley,
California
|
+$1.17M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$939K |
| 4 |
Morgan Stanley
New York
|
+$935K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$846K |
Top Sellers
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.