Reaves Utility Income Fund
UTG
117 hedge funds and large institutions have $179M invested in Reaves Utility Income Fund in 2019 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 23 reducing their positions, and 13 closing their positions.
87% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 23
31% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 13
8% more capital invested
Capital invested by funds: $166M → $179M (+$13.1M)
4% more funds holding
Funds holding: 113 → 117 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.63% less ownership
Funds ownership: 11.6% → 10.96% (-0.63%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.14M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.84M |
| 3 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$1.76M |
| 4 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$1.46M |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$976K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$13.2M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$4.79M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.38M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$830K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$767K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JA
126
JLB & Associates
Plymouth,
Michigan
| – | -$206K | -7,000 | Closed |
|
|
BAM
127
Bruderman Asset Management
Locust Valley,
New York
| – | -$46K | -1,549 | Closed |
|
|
GWMIA
128
Global Wealth Management Investment Advisory
Fort Lauderdale,
Florida
| – | -$10K | -330 | Closed |
|
|
EWM
129
Executive Wealth Management
Brighton,
Michigan
| – | -$6K | -200 | Closed |
|
130
Fidelity Investments
Boston,
Massachusetts
| – | +$32 | +1 | +100% |
|
UTG Hedge Fund Activity: Q1 2019 in Review
117 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2019, worth a combined $179M — up 7.9% from $166M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new UTG positions and 13 closed out — a net gain of 4 holders — while 43 added to existing stakes and 23 trimmed.
The largest buyer was Bank of America, adding an estimated $2.14M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $13.2M sold.
- 117 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2019, up from 113 in Q4 2018.
- Funds reported $179M of Reaves Utility Income Fund stock for Q1 2019, up 7.9% quarter-over-quarter.
- 17 funds opened new Reaves Utility Income Fund positions in Q1 2019 and 13 closed out, a net change of +4 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2019 was Bank of America, an estimated $2.14M added.
- The largest Reaves Utility Income Fund seller in Q1 2019 was Janus Henderson Group, an estimated $13.2M sold.
Based on aggregated 13F filings for Q1 2019.