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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.37M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$181K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$138K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$124K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$121K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.18M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.83M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.54M |
| 4 |
SG Americas Securities
New York
|
-$833K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$530K |
UTG Hedge Fund Activity: Q1 2014 in Review
52 of the 3,475 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.