Reaves Utility Income Fund
48 hedge funds and large institutions have $59.9M invested in Reaves Utility Income Fund in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 20 reducing their positions, and 11 closing their positions.
0.6% less ownership
Funds ownership: 7.95% → 7.35% (-0.6%)
12% less capital invested
Capital invested by funds: $68.3M → $59.9M (-$8.43M)
13% less funds holding
Funds holding: 55 → 48 (-7)
45% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 20
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.08M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$847K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$321K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$270K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$163K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.23M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.03M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$873K |
| 4 |
LPL Financial
San Diego,
California
|
-$742K |
| 5 |
Morgan Stanley
New York
|
-$689K |
UTG Hedge Fund Activity: Q2 2015 in Review
48 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2015, worth a combined $59.9M — down 12% from $68.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of UTG and 5 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 11 added.
The largest buyer was Bank of America, adding an estimated $1.08M. The largest seller was Advisors Asset Management, cutting an estimated $1.23M.
- 48 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2015, down from 55 in Q1 2015.
- Funds reported $59.9M of Reaves Utility Income Fund stock for Q2 2015, down 12% quarter-over-quarter.
- 5 funds opened new Reaves Utility Income Fund positions in Q2 2015 and 11 closed out, a net change of -6 holders.
- The largest Reaves Utility Income Fund buyer in Q2 2015 was Bank of America, an estimated $1.08M added.
- The largest Reaves Utility Income Fund seller in Q2 2015 was Advisors Asset Management, an estimated $1.23M sold.
Based on aggregated 13F filings for Q2 2015.