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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
HNB
126
Huntington National Bank
Ohio
$6K – – –
GWM
127
Geneos Wealth Management
Colorado
$5K – – –
Carson Wealth (CWM LLC)
128
Carson Wealth (CWM LLC)
Nebraska
$4K – – –
PCIA
129
Prime Capital Investment Advisors
Kansas
$3K – – –
NSIM
130
North Star Investment Management
Illinois
$2K – – –
WAM
131
Weiss Asset Management
Massachusetts
– -$795K -21,650 Closed
DA
132
Doliver Advisors
Texas
– -$729K -20,215 Closed
BL
133
Balentine LLC
Georgia
– -$613K -16,707 Closed
APP
134
Avantax Planning Partners
Iowa
– -$551K -15,000 Closed
PSUF
135
People's United Financial
Connecticut
– -$283K -7,698 Closed
ACA
136
Aptus Capital Advisors
Alabama
– -$272K -7,430 Closed
Susquehanna International Group
137
Susquehanna International Group
Pennsylvania
– -$220K -6,003 Closed
FIA
138
FNY Investment Advisers
New York
– -$110K -3,000 Closed
CIAS
139
Capital Investment Advisory Services
North Carolina
– -$49K -1,325 Closed
QCIG
140
Quad-Cities Investment Group
Iowa
– -$45K -1,219 Closed
GSWM
141
Golden State Wealth Management
California
– -$6K -174 Closed
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.