Reaves Utility Income Fund
45 hedge funds and large institutions have $51.7M invested in Reaves Utility Income Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 7 closing their positions.
0% more funds holding
Funds holding: 45 → 45 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0.2% less ownership
Funds ownership: 7.31% → 7.11% (-0.2%)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
20% less capital inflows, than outflows
Capital inflows: $6.14M | Capital outflows: $7.67M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.18M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.18M |
| 3 |
National Planning Corporation
El Segundo,
California
|
+$673K |
| 4 |
Raymond James & Associates
St Petersburg,
Florida
|
+$593K |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
+$589K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Glacier Peak Capital
Bellevue,
Washington
|
-$1.65M |
| 2 |
Wolverine Asset Management
Chicago,
Illinois
|
-$1.46M |
| 3 |
Morgan Stanley
New York
|
-$1.32M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.11M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$709K |
UTG Hedge Fund Activity: Q3 2013 in Review
45 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2013, worth a combined $51.7M — down 3.9% from $53.8M a quarter earlier.
Fund positioning in UTG was balanced in Q3 2013: 7 funds opened new positions, 7 closed out, 13 added to existing stakes and 14 trimmed.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $1.18M. The largest seller was Glacier Peak Capital, exiting entirely with an estimated $1.65M sold.
- 45 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $51.7M of Reaves Utility Income Fund stock for Q3 2013, down 3.9% quarter-over-quarter.
- 7 funds opened new Reaves Utility Income Fund positions in Q3 2013 and 7 closed out, a net change of 0 holders.
- The largest Reaves Utility Income Fund buyer in Q3 2013 was Janney Montgomery Scott, an estimated $1.18M added.
- The largest Reaves Utility Income Fund seller in Q3 2013 was Glacier Peak Capital, an estimated $1.65M sold.
Based on aggregated 13F filings for Q3 2013.