Reaves Utility Income Fund
145 hedge funds and large institutions have $188M invested in Reaves Utility Income Fund in 2022 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 33 reducing their positions, and 18 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 33
0.21% more ownership
Funds ownership: 10% → 10.21% (+0.21%)
4% less funds holding
Funds holding: 151 → 145 (-6)
10% less capital invested
Capital invested by funds: $209M → $188M (-$21.2M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
Top Buyers
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
+$3.36M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
+$835K |
| 3 |
AWS
Atria Wealth Solutions
New York
|
+$783K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$718K |
| 5 |
LPL Financial
San Diego,
California
|
+$644K |
Top Sellers
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.19M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.15M |
| 3 |
PA
Paralel Advisors
Denver,
Colorado
|
-$1.06M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$755K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$535K |
UTG Hedge Fund Activity: Q3 2022 in Review
145 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2022, worth a combined $188M — down 10% from $209M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of UTG and 14 opened new positions — a net loss of 4 holders — while 33 trimmed existing stakes and 56 added.
The largest buyer was Trek Financial, opening a new position worth an estimated $3.36M. The largest seller was Ameriprise, cutting an estimated $1.19M.
- 145 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2022, down from 151 in Q2 2022.
- Funds reported $188M of Reaves Utility Income Fund stock for Q3 2022, down 10% quarter-over-quarter.
- 14 funds opened new Reaves Utility Income Fund positions in Q3 2022 and 18 closed out, a net change of -4 holders.
- The largest Reaves Utility Income Fund buyer in Q3 2022 was Trek Financial, an estimated $3.36M added.
- The largest Reaves Utility Income Fund seller in Q3 2022 was Ameriprise, an estimated $1.19M sold.
Based on aggregated 13F filings for Q3 2022.