Reaves Utility Income Fund
52 hedge funds and large institutions have $57.6M invested in Reaves Utility Income Fund in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 6 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
1% more capital invested
Capital invested by funds: $57.2M → $57.6M (+$357K)
0.72% less ownership
Funds ownership: 8.03% → 7.31% (-0.72%)
4% less funds holding
Funds holding: 54 → 52 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
Top Sellers
UTG Hedge Fund Activity: Q1 2014 in Review
52 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2014, worth a combined $57.6M — up 0.62% from $57.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of UTG and 4 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 18 added.
The largest buyer was Morgan Stanley, adding an estimated $1.37M. The largest seller was Cornerstone Advisors, cutting an estimated $2.18M.
- 52 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2014, down from 54 in Q4 2013.
- Funds reported $57.6M of Reaves Utility Income Fund stock for Q1 2014, up 0.62% quarter-over-quarter.
- 4 funds opened new Reaves Utility Income Fund positions in Q1 2014 and 6 closed out, a net change of -2 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2014 was Morgan Stanley, an estimated $1.37M added.
- The largest Reaves Utility Income Fund seller in Q1 2014 was Cornerstone Advisors, an estimated $2.18M sold.
Based on aggregated 13F filings for Q1 2014.