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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.

New
Increased
Maintained
Reduced
Closed

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: 5452 (-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: 20 (-2)

Holders
52
Holders Change
-2
Holders Change %
-3.7%
% of All Funds
1.5%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
4
Increased
18
Reduced
16
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$8.99M +$1.37M +52,736 +19%
CA
2
Cornerstone Advisors
North Carolina
$5.99M -$2.18M -84,138 -28%
Bank of America
3
Bank of America
North Carolina
$4.52M -$321K -12,403 -7%
YCM
4
Yakira Capital Management
Connecticut
$3.3M -$1.83M -70,469 -36%
Wells Fargo
5
Wells Fargo
California
$3.18M +$124K +4,800 +4%
AAM
6
Advisors Asset Management
Colorado
$3.04M -$142K -5,483 -5%
Cohen & Steers
7
Cohen & Steers
New York
$2.73M
Invesco
8
Invesco
Georgia
$2.6M -$223K -8,603 -8%
LPL Financial
9
LPL Financial
California
$2.16M -$102K -3,923 -5%
AIM
10
Assured Investment Management
New York
$2.07M
NPC
11
National Planning Corporation
California
$2.03M +$22.8K +880 +1%
HBWM
12
Hollow Brook Wealth Management
New York
$1.93M +$80.3K +3,099 +5%
WHRC
13
W.H. Reaves & Co
New Jersey
$1.71M -$25.2K -972 -2%
U
14
UBS
Switzerland
$1.64M +$21.7K +839 +1%
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$1.36M +$138K +5,309 +12%
Janney Montgomery Scott
16
Janney Montgomery Scott
Pennsylvania
$1.29M +$16.6K +639 +1%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$1.17M -$530K -20,445 -32%
CL
18
CSS LLC
Illinois
$944K +$9.48K +366 +1%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$937K +$121K +4,654 +16%
RJA
20
Raymond James & Associates
Florida
$647K -$15.2K -585 -2%
FAAS
21
First Allied Advisory Services
California
$638K
Stifel Financial
22
Stifel Financial
Missouri
$630K +$600K +23,179 New
ISL
23
Ingalls & Snyder LLC
New York
$508K +$23.8K +920 +5%
Creative Planning
24
Creative Planning
Kansas
$488K +$181K +6,971 +63%
LCM
25
Lucas Capital Management
New Jersey
$399K +$92.7K +3,577 +32%

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.