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Reaves Utility Income Fund
UTG

113 hedge funds and large institutions have $157M invested in Reaves Utility Income Fund in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 38 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $153M → $157M (+$4.18M)

0.24% less ownership

Funds ownership: 10.87% → 10.63% (-0.24%)

4% less funds holding

Funds holding: 118 → 113 (-5)

11% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 38

28% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 18

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
113
Holders Change
-5
Holders Change %
-4.24%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
34
Reduced
38
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$2.73M
2
Osaic Holdings
Osaic Holdings
Arizona
+$1.92M
3
CAN
Cetera Advisor Networks
California
+$1M
4
Wells Fargo
Wells Fargo
California
+$968K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$780K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$2.16M
2
Bank of America
Bank of America
North Carolina
-$2.15M
3
PAG
Private Advisor Group
New Jersey
-$1.2M
4
Cohen & Steers
Cohen & Steers
New York
-$1.17M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$945K
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
126
Darwin Wealth Management
Florida
– -$23K -834 Closed
NFG
127
Next Financial Group
Texas
– -$24K -825 Closed
WQ
128
Wealth Quarterback
New Jersey
– -$22.6K -785 Closed
CTC
129
Central Trust Company
Missouri
– -$14K -500 Closed
2 3 4 5
6

UTG Hedge Fund Activity: Q2 2020 in Review

113 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2020, worth a combined $157M — up 2.7% from $153M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of UTG and 13 opened new positions — a net loss of 5 holders — while 38 trimmed existing stakes and 34 added.

The largest buyer was Ameriprise, adding an estimated $2.73M. The largest seller was Morgan Stanley, cutting an estimated $2.16M.

  • 113 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2020, down from 118 in Q1 2020.
  • Funds reported $157M of Reaves Utility Income Fund stock for Q2 2020, up 2.7% quarter-over-quarter.
  • 13 funds opened new Reaves Utility Income Fund positions in Q2 2020 and 18 closed out, a net change of -5 holders.
  • The largest Reaves Utility Income Fund buyer in Q2 2020 was Ameriprise, an estimated $2.73M added.
  • The largest Reaves Utility Income Fund seller in Q2 2020 was Morgan Stanley, an estimated $2.16M sold.

Based on aggregated 13F filings for Q2 2020.