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Reaves Utility Income Fund
UTG

75 hedge funds and large institutions have $93.4M invested in Reaves Utility Income Fund in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 13

25% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 12

6% more capital invested

Capital invested by funds: $87.8M → $93.4M (+$5.58M)

3% more funds holding

Funds holding: 73 → 75 (+2)

1.13% more ownership

Funds ownership: 7.45% → 8.58% (+1.1%)

Holders
75
Holders Change
+2
Holders Change %
+2.74%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
29
Reduced
13
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CA
Cornerstone Advisors
North Carolina
+$2.93M
2
Cohen & Steers
Cohen & Steers
New York
+$2.19M
3
FMA
FNY Managed Accounts
New York
+$1.92M
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$1.78M
5
CRC
Curi RMB Capital
Illinois
+$1.36M

Top Sellers

1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1M
2
UBS Group
UBS Group
Switzerland
-$642K
3
YCM
Yakira Capital Management
Connecticut
-$522K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$495K
5
WAM
Weiss Asset Management
Massachusetts
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$12.8M +$665K +19,143 +5%
Morgan Stanley
2
Morgan Stanley
New York
$11.2M -$190K -5,468 -2%
GC
3
Guggenheim Capital
Illinois
$6.64M +$60.4K +1,739 +0.8%
Wells Fargo
4
Wells Fargo
California
$6.25M +$570K +16,404 +9%
LTFS
5
Ladenburg Thalmann Financial Services
Florida
$4.12M +$334K +9,631 +8%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$3.63M +$96K +2,766 +2%
HBWM
7
Hollow Brook Wealth Management
New York
$3.27M -$9.34K -269 -0.3%
WHRC
8
W.H. Reaves & Co
New Jersey
$3.06M +$74.5K +2,147 +2%
GWM
9
Graybill Wealth Management
Illinois
$2.94M -$36.8K -1,060 -1%
CA
10
Cornerstone Advisors
North Carolina
$2.68M +$2.93M +84,412 New
UBS Group
11
UBS Group
Switzerland
$2.13M -$642K -18,501 -22%
RJA
12
Raymond James & Associates
Florida
$2.1M +$810K +23,332 +54%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$2.05M +$111K +3,199 +5%
Cohen & Steers
14
Cohen & Steers
New York
$2M +$2.19M +63,013 New
FMA
15
FNY Managed Accounts
New York
$1.75M +$1.92M +55,200 New
RJFSA
16
Raymond James Financial Services Advisors
Florida
$1.71M -$121K -3,495 -6%
Bank of Nova Scotia
17
Bank of Nova Scotia
Ontario, Canada
$1.63M +$1.78M +51,310 New
BF
18
BOK Financial
Oklahoma
$1.35M +$316K +9,112 +27%
CRC
19
Curi RMB Capital
Illinois
$1.24M +$1.36M +39,200 New
Citigroup
20
Citigroup
New York
$1.22M +$693K +19,950 +109%
Stifel Financial
21
Stifel Financial
Missouri
$1.17M +$204K +5,882 +19%
LPL Financial
22
LPL Financial
California
$1.15M +$133K +3,834 +12%
Creative Planning
23
Creative Planning
Kansas
$1.12M +$355K +10,222 +41%
AAM
24
Advisors Asset Management
Colorado
$1.07M -$43.1K -1,240 -4%
SCM
25
Sterling Capital Management
North Carolina
$1.02M – – –
1
2 3 4

UTG Hedge Fund Activity: Q3 2017 in Review

75 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2017, worth a combined $93.4M — up 6.4% from $87.8M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new UTG positions and 12 closed out — a net gain of 3 holders — while 29 added to existing stakes and 13 trimmed.

The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $2.93M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $1M.

  • 75 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2017, up from 73 in Q2 2017.
  • Funds reported $93.4M of Reaves Utility Income Fund stock for Q3 2017, up 6.4% quarter-over-quarter.
  • 15 funds opened new Reaves Utility Income Fund positions in Q3 2017 and 12 closed out, a net change of +3 holders.
  • The largest Reaves Utility Income Fund buyer in Q3 2017 was Cornerstone Advisors, an estimated $2.93M added.
  • The largest Reaves Utility Income Fund seller in Q3 2017 was Cambridge Investment Research Advisors, an estimated $1M sold.

Based on aggregated 13F filings for Q3 2017.