Reaves Utility Income Fund
120 hedge funds and large institutions have $169M invested in Reaves Utility Income Fund in 2020 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
7% more capital invested
Capital invested by funds: $157M → $169M (+$11.5M)
6% more funds holding
Funds holding: 113 → 120 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.16% less ownership
Funds ownership: 10.63% → 10.47% (-0.16%)
8% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.29M |
| 2 |
WAM
Wealthspire Advisors (Maryland)
Potomac,
Maryland
|
+$2.28M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.41M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.07M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
-$1.73M |
| 2 |
Cohen & Steers
New York
|
-$1.66M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$904K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$749K |
| 5 |
ISL
Ingalls & Snyder LLC
New York
|
-$440K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Fidelity Investments
Boston,
Massachusetts
| – | -$40K | -1,335 | Closed |
|
|
GEA
127
Glen Eagle Advisors
Kingston,
New Jersey
| – | -$33.9K | -1,122 | Closed |
|
|
BL
128
Balentine LLC
Atlanta,
Georgia
| – | -$19K | -630 | Closed |
|
|
HDIM
129
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$9K | -300 | Closed |
|
|
RCA
130
Ranch Capital Advisors
Sarasota,
Florida
| – | -$4K | -150 | Closed |
|
UTG Hedge Fund Activity: Q3 2020 in Review
120 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2020, worth a combined $169M — up 7.3% from $157M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new UTG positions and 10 closed out — a net gain of 8 holders — while 33 added to existing stakes and 36 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.29M. The largest seller was Wealthspire Advisors (New York), cutting an estimated $1.73M.
- 120 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2020, up from 113 in Q2 2020.
- Funds reported $169M of Reaves Utility Income Fund stock for Q3 2020, up 7.3% quarter-over-quarter.
- 18 funds opened new Reaves Utility Income Fund positions in Q3 2020 and 10 closed out, a net change of +8 holders.
- The largest Reaves Utility Income Fund buyer in Q3 2020 was Royal Bank of Canada, an estimated $2.29M added.
- The largest Reaves Utility Income Fund seller in Q3 2020 was Wealthspire Advisors (New York), an estimated $1.73M sold.
Based on aggregated 13F filings for Q3 2020.