Reaves Utility Income Fund
121 hedge funds and large institutions have $180M invested in Reaves Utility Income Fund in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 8 closing their positions.
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
48% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 27
10% more funds holding
Funds holding: 110 → 121 (+11)
2% more capital invested
Capital invested by funds: $177M → $180M (+$2.83M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.08% less ownership
Funds ownership: 10.18% → 10.1% (-0.08%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
+$1.47M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.12M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$789K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$737K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$7.84M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.21M |
| 3 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
-$1.19M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.1M |
| 5 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$1.07M |
UTG Hedge Fund Activity: Q3 2019 in Review
121 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2019, worth a combined $180M — up 1.6% from $177M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new UTG positions and 8 closed out — a net gain of 11 holders — while 40 added to existing stakes and 27 trimmed.
The largest buyer was Wealthspire Advisors (New York), adding an estimated $1.47M. The largest seller was Cohen & Steers, cutting an estimated $7.84M.
- 121 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2019, up from 110 in Q2 2019.
- Funds reported $180M of Reaves Utility Income Fund stock for Q3 2019, up 1.6% quarter-over-quarter.
- 19 funds opened new Reaves Utility Income Fund positions in Q3 2019 and 8 closed out, a net change of +11 holders.
- The largest Reaves Utility Income Fund buyer in Q3 2019 was Wealthspire Advisors (New York), an estimated $1.47M added.
- The largest Reaves Utility Income Fund seller in Q3 2019 was Cohen & Steers, an estimated $7.84M sold.
Based on aggregated 13F filings for Q3 2019.