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Reaves Utility Income Fund
UTG

197 hedge funds and large institutions have $313M invested in Reaves Utility Income Fund in 2024 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 68 increasing their positions, 38 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

429% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 7

79% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 38

34% more capital invested

Capital invested by funds: $232M → $313M (+$80.1M)

17% more funds holding

Funds holding: 168 → 197 (+29)

1.28% more ownership

Funds ownership: 10.77% → 12.05% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
197
Holders Change
+29
Holders Change %
+17.26%
% of All Funds
2.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
37
Increased
68
Reduced
38
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$5.56M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$4.66M
3
OFA
Oak Family Advisors
Illinois
+$3.33M
4
Bank of America
Bank of America
North Carolina
+$2.33M
5
Morgan Stanley
Morgan Stanley
New York
+$2.25M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$5.23M
2
HAS
HBW Advisory Services
California
-$4.25M
3
NA
NewEdge Advisors
Louisiana
-$564K
4
VFA
Valeo Financial Advisors
Indiana
-$558K
5
PAG
Private Advisor Group
New Jersey
-$514K
Name Holding Trade Value Shares
Change 		Change in
Stake
BONH
151
Bank of New Hampshire
New Hampshire
$51.2K – – –
AIM
152
Anchor Investment Management
South Carolina
$50.6K +$45.4K +1,541 New
LI
153
LRI Investments
Florida
$48.1K – – –
NSIM
154
North Star Investment Management
Illinois
$47.6K – – –
GWSG
155
GPS Wealth Strategies Group
Colorado
$41.1K – – –
SIC
156
Salem Investment Counselors
North Carolina
$40.9K -$10.3K -350 -22%
BTI
157
Blue Trust Inc
Georgia
$37.3K +$824 +28 +2%
RAM
158
Ramirez Asset Management
New York
$37.2K – – –
FCA
159
FinTrust Capital Advisors
South Carolina
$33K +$29.6K +1,006 New
AA
160
AlphaMark Advisors
Kentucky
$33K +$383 +13 +1%
LCM
161
Logan Capital Management
Pennsylvania
$32.8K – – –
PTC
162
Private Trust Company
Ohio
$32.8K – – –
WB
163
Webster Bank
Connecticut
$32.6K – – –
Fifth Third Bancorp
164
Fifth Third Bancorp
Ohio
$31.2K – – –
WBC
165
West Branch Capital
Massachusetts
$26.2K +$324 +11 +1%
AWM
166
Avior Wealth Management
Nebraska
$24.6K – – –
MIM
167
Macroview Investment Management
Maryland
$23.2K – – –
SWA
168
SOA Wealth Advisors
New York
$20.1K -$9.74K -331 -35%
PWM
169
Partnership Wealth Management
Maryland
$19.7K +$17.7K +600 New
HNB
170
Hilltop National Bank
Wyoming
$19.4K – – –
SL
171
Salomon & Ludwin
Virginia
$19K – – –
UB
172
UMB Bank
Missouri
$18.8K – – –
KFI
173
Key Financial Inc
Pennsylvania
$18.2K – – –
PFBT
174
Parkside Financial Bank & Trust
Missouri
$15.9K – – –
HNB
175
Huntington National Bank
Ohio
$14K – – –
5 6
7
8 9

UTG Hedge Fund Activity: Q3 2024 in Review

197 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2024, worth a combined $313M — up 34% from $232M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new UTG positions and 7 closed out — a net gain of 30 holders — while 68 added to existing stakes and 38 trimmed.

The largest buyer was Ameriprise, adding an estimated $5.56M. The largest seller was Raymond James & Associates, cutting an estimated $5.23M.

  • 197 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2024, up from 168 in Q2 2024.
  • Funds reported $313M of Reaves Utility Income Fund stock for Q3 2024, up 34% quarter-over-quarter.
  • 37 funds opened new Reaves Utility Income Fund positions in Q3 2024 and 7 closed out, a net change of +30 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2024 was Ameriprise, an estimated $5.56M added.
  • The largest Reaves Utility Income Fund seller in Q3 2024 was Raymond James & Associates, an estimated $5.23M sold.

Based on aggregated 13F filings for Q3 2024.