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Reaves Utility Income Fund
UTG

68 hedge funds and large institutions have $96.8M invested in Reaves Utility Income Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

0% more funds holding

Funds holding: 68 → 68 (0)

0% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 18

1.36% less ownership

Funds ownership: 10.04% → 8.68% (-1.4%)

6% less capital invested

Capital invested by funds: $103M → $96.8M (-$6.4M)

Holders
68
Holders Change
–
Holders Change %
0%
% of All Funds
1.81%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
9
Increased
18
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Stifel Financial
Stifel Financial
Missouri
+$1.56M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$622K
3
Citigroup
Citigroup
New York
+$614K
4
Wells Fargo
Wells Fargo
California
+$570K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$529K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$7.42M
2
LPL Financial
LPL Financial
California
-$2.3M
3
Morgan Stanley
Morgan Stanley
New York
-$1.82M
4
GC
Guggenheim Capital
Illinois
-$1.73M
5
AAM
Advisors Asset Management
Colorado
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$11.6M -$451K -14,886 -4%
Morgan Stanley
2
Morgan Stanley
New York
$10.8M -$1.82M -60,133 -15%
HBWM
3
Hollow Brook Wealth Management
New York
$7.81M -$1.15M -38,109 -14%
Wells Fargo
4
Wells Fargo
California
$7.53M +$570K +18,809 +9%
GC
5
Guggenheim Capital
Illinois
$5.97M -$1.73M -57,042 -24%
Bank of Nova Scotia
6
Bank of Nova Scotia
Ontario, Canada
$4.34M -$832K -27,469 -17%
YCM
7
Yakira Capital Management
Connecticut
$4.33M -$145K -4,796 -3%
LTFS
8
Ladenburg Thalmann Financial Services
Florida
$3.96M +$105K +3,455 +3%
JHIU
9
Janus Henderson Investors US
Colorado
$3.23M +$189K +6,228 +7%
WHRC
10
W.H. Reaves & Co
New Jersey
$3.15M +$2.09K +69 +0.1%
GWM
11
Graybill Wealth Management
Illinois
$3.13M -$64.2K -2,120 -2%
LPL Financial
12
LPL Financial
California
$2.75M -$2.3M -75,994 -47%
Stifel Financial
13
Stifel Financial
Missouri
$2.74M +$1.56M +51,489 +157%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$2.54M +$501K +16,536 +27%
UBS Group
15
UBS Group
Switzerland
$2.47M +$142K +4,686 +7%
Citigroup
16
Citigroup
New York
$2M +$614K +20,279 +49%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$1.79M +$529K +17,475 +46%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$1.62M -$114K -3,767 -7%
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$1.41M +$622K +20,548 +90%
RJA
20
Raymond James & Associates
Florida
$1.4M +$63.6K +2,101 +5%
SCM
21
Sterling Capital Management
North Carolina
$1.05M – – –
NRS
22
Neville Rodie & Shaw
New York
$974K – – –
ISL
23
Ingalls & Snyder LLC
New York
$968K +$106K +3,500 +13%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$888K +$31.4K +1,037 +4%
Creative Planning
25
Creative Planning
Kansas
$788K -$20.1K -665 -3%
1
2 3 4

UTG Hedge Fund Activity: Q2 2016 in Review

68 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2016, worth a combined $96.8M — down 6.2% from $103M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new UTG positions and 8 closed out — a net gain of 1 holder — while 18 added to existing stakes and 18 trimmed.

The largest buyer was Stifel Financial, adding an estimated $1.56M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $7.42M sold.

  • 68 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2016, unchanged from Q1 2016.
  • Funds reported $96.8M of Reaves Utility Income Fund stock for Q2 2016, down 6.2% quarter-over-quarter.
  • 9 funds opened new Reaves Utility Income Fund positions in Q2 2016 and 8 closed out, a net change of +1 holder.
  • The largest Reaves Utility Income Fund buyer in Q2 2016 was Stifel Financial, an estimated $1.56M added.
  • The largest Reaves Utility Income Fund seller in Q2 2016 was Sit Investment Associates, an estimated $7.42M sold.

Based on aggregated 13F filings for Q2 2016.