Reaves Utility Income Fund
55 hedge funds and large institutions have $61.9M invested in Reaves Utility Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 6 closing their positions.
144% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 9
2% more capital invested
Capital invested by funds: $60.7M → $61.9M (+$1.2M)
0.37% more ownership
Funds ownership: 7.13% → 7.5% (+0.37%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 56 → 55 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.99M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.46M |
| 3 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
+$1.37M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$804K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$390K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.61M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
-$821K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$629K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$516K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$315K |
UTG Hedge Fund Activity: Q3 2014 in Review
55 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2014, worth a combined $61.9M — up 2% from $60.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of UTG and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 22 added.
The largest buyer was Bank of America, adding an estimated $1.99M. The largest seller was Invesco, cutting an estimated $1.61M.
- 55 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2014, down from 56 in Q2 2014.
- Funds reported $61.9M of Reaves Utility Income Fund stock for Q3 2014, up 2% quarter-over-quarter.
- 5 funds opened new Reaves Utility Income Fund positions in Q3 2014 and 6 closed out, a net change of -1 holder.
- The largest Reaves Utility Income Fund buyer in Q3 2014 was Bank of America, an estimated $1.99M added.
- The largest Reaves Utility Income Fund seller in Q3 2014 was Invesco, an estimated $1.61M sold.
Based on aggregated 13F filings for Q3 2014.