Reaves Utility Income Fund
68 hedge funds and large institutions have $80.8M invested in Reaves Utility Income Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 8 closing their positions.
0.77% less ownership
Funds ownership: 8.04% → 7.27% (-0.77%)
5% less capital invested
Capital invested by funds: $84.8M → $80.8M (-$3.97M)
7% less funds holding
Funds holding: 73 → 68 (-5)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.27M |
| 2 |
BF
BOK Financial
Tulsa,
Oklahoma
|
+$1.09M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$551K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$517K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HBWM
Hollow Brook Wealth Management
Katonah,
New York
|
-$5.05M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.94M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.24M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.14M |
| 5 |
SG
StoneX Group
New York
|
-$564K |
UTG Hedge Fund Activity: Q1 2017 in Review
68 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2017, worth a combined $80.8M — down 4.7% from $84.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of UTG and 5 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 17 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.27M. The largest seller was Hollow Brook Wealth Management, cutting an estimated $5.05M.
- 68 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2017, down from 73 in Q4 2016.
- Funds reported $80.8M of Reaves Utility Income Fund stock for Q1 2017, down 4.7% quarter-over-quarter.
- 5 funds opened new Reaves Utility Income Fund positions in Q1 2017 and 8 closed out, a net change of -3 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2017 was Royal Bank of Canada, an estimated $1.27M added.
- The largest Reaves Utility Income Fund seller in Q1 2017 was Hollow Brook Wealth Management, an estimated $5.05M sold.
Based on aggregated 13F filings for Q1 2017.