Reaves Utility Income Fund
73 hedge funds and large institutions have $87.8M invested in Reaves Utility Income Fund in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 13 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
85% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 13
9% more capital invested
Capital invested by funds: $80.8M → $87.8M (+$7.01M)
7% more funds holding
Funds holding: 68 → 73 (+5)
0.18% more ownership
Funds ownership: 7.27% → 7.45% (+0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$891K |
| 2 |
SG
StoneX Group
New York
|
+$873K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$703K |
| 4 |
Millennium Management
New York
|
+$520K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.8M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.67M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$693K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$442K |
| 5 |
CCM
Catawba Capital Management
Roanoke,
Virginia
|
-$396K |
UTG Hedge Fund Activity: Q2 2017 in Review
73 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2017, worth a combined $87.8M — up 8.7% from $80.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new UTG positions and 6 closed out — a net gain of 6 holders — while 24 added to existing stakes and 13 trimmed.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $891K. The largest seller was LPL Financial, cutting an estimated $1.8M.
- 73 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2017, up from 68 in Q1 2017.
- Funds reported $87.8M of Reaves Utility Income Fund stock for Q2 2017, up 8.7% quarter-over-quarter.
- 12 funds opened new Reaves Utility Income Fund positions in Q2 2017 and 6 closed out, a net change of +6 holders.
- The largest Reaves Utility Income Fund buyer in Q2 2017 was Cambridge Investment Research Advisors, an estimated $891K added.
- The largest Reaves Utility Income Fund seller in Q2 2017 was LPL Financial, an estimated $1.8M sold.
Based on aggregated 13F filings for Q2 2017.