Reaves Utility Income Fund
49 hedge funds and large institutions have $56.4M invested in Reaves Utility Income Fund in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
2% more funds holding
Funds holding: 48 → 49 (+1)
0.28% less ownership
Funds ownership: 7.2% → 6.91% (-0.28%)
47% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 19
61% less capital inflows, than outflows
Capital inflows: $1.36M | Capital outflows: $3.44M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$408K |
| 2 |
TIA
Tiemann Investment Advisors
Menlo Park,
California
|
+$314K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$226K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$133K |
| 5 |
LPL Financial
San Diego,
California
|
+$63.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$896K |
| 2 |
Virtu KCG Holdings
New York
|
-$811K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$368K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$346K |
| 5 |
Morgan Stanley
New York
|
-$246K |
UTG Hedge Fund Activity: Q3 2015 in Review
49 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2015, worth a combined $56.4M — down 5.8% from $59.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new UTG positions and 2 closed out — a net gain of 2 holders — while 10 added to existing stakes and 19 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $408K. The largest seller was Cohen & Steers, exiting entirely with an estimated $896K sold.
- 49 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2015, up from 48 in Q2 2015.
- Funds reported $56.4M of Reaves Utility Income Fund stock for Q3 2015, down 5.8% quarter-over-quarter.
- 4 funds opened new Reaves Utility Income Fund positions in Q3 2015 and 2 closed out, a net change of +2 holders.
- The largest Reaves Utility Income Fund buyer in Q3 2015 was Raymond James Financial Services Advisors, an estimated $408K added.
- The largest Reaves Utility Income Fund seller in Q3 2015 was Cohen & Steers, an estimated $896K sold.
Based on aggregated 13F filings for Q3 2015.