Reaves Utility Income Fund
167 hedge funds and large institutions have $218M invested in Reaves Utility Income Fund in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 62 increasing their positions, 39 reducing their positions, and 12 closing their positions.
83% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 12
59% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 39
8% more capital invested
Capital invested by funds: $201M → $218M (+$17M)
5% more funds holding
Funds holding: 159 → 167 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.07% less ownership
Funds ownership: 10.38% → 10.31% (-0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.57M |
| 2 |
PI
PFG Investments
Woodbury,
New York
|
+$1.93M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.81M |
| 4 |
AWA
Aquire Wealth Advisors
South Jordan,
Utah
|
+$1.24M |
| 5 |
OFA
Oak Family Advisors
Chicago,
Illinois
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.51M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$956K |
| 3 |
NS
NBC Securities
Birmingham,
Alabama
|
-$728K |
| 4 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
-$649K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$562K |
UTG Hedge Fund Activity: Q1 2024 in Review
167 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q1 2024, worth a combined $218M — up 8.4% from $201M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new UTG positions and 12 closed out — a net gain of 10 holders — while 62 added to existing stakes and 39 trimmed.
The largest buyer was Cetera Investment Advisers, adding an estimated $2.57M. The largest seller was Bank of America, cutting an estimated $1.51M.
- 167 institutional investors held Reaves Utility Income Fund (UTG) as of Q1 2024, up from 159 in Q4 2023.
- Funds reported $218M of Reaves Utility Income Fund stock for Q1 2024, up 8.4% quarter-over-quarter.
- 22 funds opened new Reaves Utility Income Fund positions in Q1 2024 and 12 closed out, a net change of +10 holders.
- The largest Reaves Utility Income Fund buyer in Q1 2024 was Cetera Investment Advisers, an estimated $2.57M added.
- The largest Reaves Utility Income Fund seller in Q1 2024 was Bank of America, an estimated $1.51M sold.
Based on aggregated 13F filings for Q1 2024.