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Reaves Utility Income Fund
UTG

128 hedge funds and large institutions have $181M invested in Reaves Utility Income Fund in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 45 increasing their positions, 30 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 30

4% more capital invested

Capital invested by funds: $174M → $181M (+$6.26M)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

0.66% less ownership

Funds ownership: 10.34% → 9.67% (-0.66%)

2% less funds holding

Funds holding: 131 → 128 (-3)

Holders
128
Holders Change
-3
Holders Change %
-2.29%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
45
Reduced
30
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJA
Raymond James & Associates
Florida
+$4.32M
2
AA
ALPS Advisors
Colorado
+$1.59M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$560K
4
Wells Fargo
Wells Fargo
California
+$540K
5
Osaic Holdings
Osaic Holdings
Arizona
+$487K

Top Sellers

1
HBWM
Hollow Brook Wealth Management
New York
-$2.74M
2
GIM
Guild Investment Management
California
-$2.12M
3
LCM
Landscape Capital Management
New Jersey
-$983K
4
PAG
Private Advisor Group
New Jersey
-$857K
5
AAM
Advisors Asset Management
Colorado
-$699K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$21.3M +$415K +12,783 +2%
Morgan Stanley
2
Morgan Stanley
New York
$18.1M -$412K -12,682 -2%
Wells Fargo
3
Wells Fargo
California
$13.2M +$540K +16,629 +4%
Osaic Holdings
4
Osaic Holdings
Arizona
$10.1M +$487K +15,011 +5%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$9.45M +$560K +17,240 +7%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$7.46M +$273K +8,394 +4%
UBS Group
7
UBS Group
Switzerland
$7.07M -$53.2K -1,639 -0.8%
Ameriprise
8
Ameriprise
Minnesota
$6.72M +$403K +12,425 +7%
RJA
9
Raymond James & Associates
Florida
$6.3M +$4.32M +132,990 +242%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$5.64M -$94.4K -2,908 -2%
GC
11
Guggenheim Capital
Illinois
$4.81M -$73.7K -2,269 -2%
PAG
12
Private Advisor Group
New Jersey
$4.11M -$857K -26,407 -18%
Stifel Financial
13
Stifel Financial
Missouri
$3.93M -$96K -2,956 -2%
LPL Financial
14
LPL Financial
California
$3.67M +$348K +10,725 +11%
WHRC
15
W.H. Reaves & Co
New Jersey
$3.5M +$50.9K +1,567 +2%
SFS
16
Sowell Financial Services
Arkansas
$3.02M +$129K +3,966 +5%
MFG
17
Magnus Financial Group
New York
$2.42M +$258K +7,961 +12%
FWM
18
Focused Wealth Management
New York
$2.38M +$234K +7,218 +11%
IWA
19
IBEX Wealth Advisors
New Jersey
$2.2M -$96.8K -2,983 -4%
CAN
20
Cetera Advisor Networks
California
$2.17M -$3.38K -104 -0.2%
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$2.16M -$33.9K -1,043 -2%
SPIA
22
Steward Partners Investment Advisory
New York
$2.05M +$182K +5,614 +10%
GLA
23
Good Life Advisors
Pennsylvania
$1.76M +$13.2K +408 +0.8%
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$1.74M +$61.2K +1,884 +4%
BF
25
BOK Financial
Oklahoma
$1.67M +$130K +4,000 +9%
1
2 3 4 5

UTG Hedge Fund Activity: Q1 2021 in Review

128 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2021, worth a combined $181M — up 3.6% from $174M a quarter earlier.

Fund positioning in UTG was balanced in Q1 2021: 20 funds opened new positions, 20 closed out, 45 added to existing stakes and 30 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $4.32M. The largest seller was Hollow Brook Wealth Management, exiting entirely with an estimated $2.74M sold.

  • 128 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2021, down from 131 in Q4 2020.
  • Funds reported $181M of Reaves Utility Income Fund stock for Q1 2021, up 3.6% quarter-over-quarter.
  • 20 funds opened new Reaves Utility Income Fund positions in Q1 2021 and 20 closed out, a net change of 0 holders.
  • The largest Reaves Utility Income Fund buyer in Q1 2021 was Raymond James & Associates, an estimated $4.32M added.
  • The largest Reaves Utility Income Fund seller in Q1 2021 was Hollow Brook Wealth Management, an estimated $2.74M sold.

Based on aggregated 13F filings for Q1 2021.