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Reaves Utility Income Fund
UTG

158 hedge funds and large institutions have $220M invested in Reaves Utility Income Fund in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 52 increasing their positions, 40 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 16

32% more capital invested

Capital invested by funds: $167M → $220M (+$52.9M)

30% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 40

10% more funds holding

Funds holding: 144 → 158 (+14)

2.05% more ownership

Funds ownership: 9.3% → 11.34% (+2%)

Holders
158
Holders Change
+14
Holders Change %
+9.72%
% of All Funds
2.3%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
31
Increased
52
Reduced
40
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$19M
2
JWCA
J.W. Cole Advisors
Florida
+$5.66M
3
SIAP
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
+$3.15M
4
Lido Advisors
Lido Advisors
California
+$2.77M
5
LPL Financial
LPL Financial
California
+$1.43M

Top Sellers

1
TF
Trek Financial
Arizona
-$3.76M
2
NFG
Nations Financial Group
Iowa
-$1.75M
3
Osaic Holdings
Osaic Holdings
Arizona
-$737K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$556K
5
HEIP
Hudson Edge Investment Partners
New Jersey
-$458K
Name Holding Trade Value Shares
Change 		Change in
Stake
FSA
101
Financial Security Advisor
Virginia
$201K +$192K +7,500 New
MMA
102
Miracle Mile Advisors
California
$201K +$192K +7,500 New
FWM
103
Focused Wealth Management
New York
$195K -$186K -7,287 -50%
IRC
104
Investors Research Corp
Georgia
$189K – – –
SWM
105
Spire Wealth Management
Virginia
$132K -$30.3K -1,184 -19%
OLVIG
106
Oliver Lagore Vanvalin Investment Group
Michigan
$101K – – –
IA
107
IFP Advisors
Florida
$99.5K -$4.73K -185 -5%
PS
108
Principal Securities
Iowa
$91K +$87K +3,404 New
CFD
109
Creative Financial Designs
Indiana
$81K +$38.9K +1,521 +101%
LWANC
110
Laurel Wealth Advisors (North Carolina)
North Carolina
$66.8K – – –
HI
111
Harbour Investments
Wisconsin
$65K +$4.22K +165 +7%
AF
112
Advisornet Financial
Minnesota
$59.1K – – –
BWL
113
Bogart Wealth LLC
Virginia
$58.8K +$56.2K +2,200 New
BWM
114
Baystate Wealth Management
Massachusetts
$53.7K +$51.3K +2,007 New
CTA
115
Colonial Trust Advisors
South Carolina
$53.5K – – –
Comerica Bank
116
Comerica Bank
Texas
$52.2K -$49.7K -1,946 -50%
BGAI
117
Bruce G. Allen Investments
Colorado
$51K +$48.7K +1,907 New
Mercer Global Advisors
118
Mercer Global Advisors
Colorado
$50K +$1.27M +49,772 New
CA
119
Centerpoint Advisors
Massachusetts
$45K – – –
S
120
SignatureFD
Georgia
$43.4K +$511 +20 +1%
BONH
121
Bank of New Hampshire
New Hampshire
$41.7K – – –
NSIM
122
North Star Investment Management
Illinois
$38.8K – – –
CA
123
Clearstead Advisors
Ohio
$37K +$35.3K +1,382 New
Fifth Third Bancorp
124
Fifth Third Bancorp
Ohio
$36.2K -$34.6K -1,352 -50%
GWSG
125
GPS Wealth Strategies Group
Colorado
$33.5K – – –
3 4
5
6 7

UTG Hedge Fund Activity: Q4 2023 in Review

158 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2023, worth a combined $220M — up 32% from $167M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UTG positions and 16 closed out — a net gain of 15 holders — while 52 added to existing stakes and 40 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $19M. The largest seller was Trek Financial, exiting entirely with an estimated $3.76M sold.

  • 158 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2023, up from 144 in Q3 2023.
  • Funds reported $220M of Reaves Utility Income Fund stock for Q4 2023, up 32% quarter-over-quarter.
  • 31 funds opened new Reaves Utility Income Fund positions in Q4 2023 and 16 closed out, a net change of +15 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $19M added.
  • The largest Reaves Utility Income Fund seller in Q4 2023 was Trek Financial, an estimated $3.76M sold.

Based on aggregated 13F filings for Q4 2023.