Reaves Utility Income Fund
113 hedge funds and large institutions have $157M invested in Reaves Utility Income Fund in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 38 reducing their positions, and 18 closing their positions.
3% more capital invested
Capital invested by funds: $153M → $157M (+$4.18M)
0.24% less ownership
Funds ownership: 10.87% → 10.63% (-0.24%)
4% less funds holding
Funds holding: 118 → 113 (-5)
11% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 38
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$2.16M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.15M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$1.2M |
| 4 |
Cohen & Steers
New York
|
-$1.17M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$945K |
UTG Hedge Fund Activity: Q2 2020 in Review
113 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q2 2020, worth a combined $157M — up 2.7% from $153M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of UTG and 13 opened new positions — a net loss of 5 holders — while 38 trimmed existing stakes and 34 added.
The largest buyer was Ameriprise, adding an estimated $2.73M. The largest seller was Morgan Stanley, cutting an estimated $2.16M.
- 113 institutional investors held Reaves Utility Income Fund (UTG) as of Q2 2020, down from 118 in Q1 2020.
- Funds reported $157M of Reaves Utility Income Fund stock for Q2 2020, up 2.7% quarter-over-quarter.
- 13 funds opened new Reaves Utility Income Fund positions in Q2 2020 and 18 closed out, a net change of -5 holders.
- The largest Reaves Utility Income Fund buyer in Q2 2020 was Ameriprise, an estimated $2.73M added.
- The largest Reaves Utility Income Fund seller in Q2 2020 was Morgan Stanley, an estimated $2.16M sold.
Based on aggregated 13F filings for Q2 2020.