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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.

New
Increased
Maintained
Reduced
Closed

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: 11 (0)

2% less funds holding

Funds holding: 5655 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
55
Holders Change
-1
Holders Change %
-1.79%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
5
Increased
22
Reduced
9
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
$9.03M +$83.8K +2,968 +0.9%
Bank of America
2
Bank of America
North Carolina
$6.91M +$1.99M +70,411 +41%
GC
3
Guggenheim Capital
Illinois
$4.14M +$1.46M +51,715 +55%
YCM
4
Yakira Capital Management
Connecticut
$4.01M +$804K +28,478 +25%
CA
5
Cornerstone Advisors
North Carolina
$3.28M -$629K -22,290 -16%
AAM
6
Advisors Asset Management
Colorado
$2.95M +$390K +13,803 +15%
Wells Fargo
7
Wells Fargo
California
$2.89M -$217K -7,688 -7%
HBWM
8
Hollow Brook Wealth Management
New York
$2.88M +$1.37M +48,520 +91%
Cohen & Steers
9
Cohen & Steers
New York
$2.86M
LPL Financial
10
LPL Financial
California
$2.62M +$188K +6,662 +8%
AIM
11
Assured Investment Management
New York
$2.16M
U
12
UBS
Switzerland
$1.8M +$121K +4,286 +7%
WHRC
13
W.H. Reaves & Co
New Jersey
$1.74M -$1.44K -51 -0.1%
Janney Montgomery Scott
14
Janney Montgomery Scott
Pennsylvania
$1.44M +$45.3K +1,606 +3%
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$1.37M -$8.41K -298 -0.6%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$1.33M +$3.36K +119 +0.3%
NPC
17
National Planning Corporation
California
$1.3M -$821K -29,078 -39%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$1M +$55.8K +1,976 +6%
CL
19
CSS LLC
Illinois
$997K +$9.29K +329 +0.9%
NRS
20
Neville Rodie & Shaw
New York
$871K
RJA
21
Raymond James & Associates
Florida
$618K -$15.2K -537 -2%
ISL
22
Ingalls & Snyder LLC
New York
$542K +$11.5K +408 +2%
Stifel Financial
23
Stifel Financial
Missouri
$510K
LCM
24
Lucas Capital Management
New Jersey
$418K
Creative Planning
25
Creative Planning
Kansas
$413K +$57.7K +2,044 +16%

UTG Hedge Fund Activity: Q3 2014 in Review

55 of the 3,446 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.