Reaves Utility Income Fund
168 hedge funds and large institutions have $232M invested in Reaves Utility Income Fund in 2024 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 63 increasing their positions, 39 reducing their positions, and 16 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 39
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
7% more capital invested
Capital invested by funds: $218M → $232M (+$14.7M)
1% more funds holding
Funds holding: 166 → 168 (+2)
0.48% more ownership
Funds ownership: 10.28% → 10.77% (+0.48%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.08M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.64M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$991K |
| 5 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$870K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFG Investments
Woodbury,
New York
|
-$1.63M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.32M |
| 3 |
AWA
Aquire Wealth Advisors
South Jordan,
Utah
|
-$1.26M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$989K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$820K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFS
176
Commonwealth Financial Services
Vienna,
West Virginia
| – | -$262K | -9,815 | Closed |
|
|
LNC
177
Lincoln National Corp
Radnor,
Pennsylvania
| – | -$245K | -9,083 | Closed |
|
|
CA
178
CoreCap Advisors
Southfield,
Michigan
| – | -$159K | -5,904 | Closed |
|
|
AF
179
Advisornet Financial
Minnetonka,
Minnesota
| – | -$59.6K | -2,210 | Closed |
|
|
SAM
180
Smartleaf Asset Management
Boston,
Massachusetts
| – | -$41.9K | -1,560 | Closed |
|
|
PB
181
Pinnacle Bancorp
Beatrice,
Nebraska
| – | -$21.7K | -804 | Closed |
|
|
FHA
182
First Horizon Advisors
Memphis,
Tennessee
| – | -$20.2K | -750 | Closed |
|
|
FPB
183
First PREMIER Bank
Sioux Falls,
South Dakota
| – | -$8K | -300 | Closed |
|
|
HCM
184
Hollencrest Capital Management
Newport Beach,
California
| – | -$5.45K | -200 | Closed |
|
185
Fidelity Investments
Boston,
Massachusetts
| – | -$27 | -1 | Closed |
|
UTG Hedge Fund Activity: Q2 2024 in Review
168 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2024, worth a combined $232M — up 6.7% from $218M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new UTG positions and 16 closed out — a net gain of 6 holders — while 63 added to existing stakes and 39 trimmed.
The largest buyer was LPL Financial, adding an estimated $4.08M. The largest seller was PFG Investments, cutting an estimated $1.63M.
- 168 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2024, up from 166 in Q1 2024.
- Funds reported $232M of Reaves Utility Income Fund stock for Q2 2024, up 6.7% quarter-over-quarter.
- 22 funds opened new Reaves Utility Income Fund positions in Q2 2024 and 16 closed out, a net change of +6 holders.
- The largest Reaves Utility Income Fund buyer in Q2 2024 was LPL Financial, an estimated $4.08M added.
- The largest Reaves Utility Income Fund seller in Q2 2024 was PFG Investments, an estimated $1.63M sold.
Based on aggregated 13F filings for Q2 2024.