Reaves Utility Income Fund
198 hedge funds and large institutions have $313M invested in Reaves Utility Income Fund in 2024 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 69 increasing their positions, 38 reducing their positions, and 7 closing their positions.
429% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 7
82% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 38
34% more capital invested
Capital invested by funds: $233M → $313M (+$80.3M)
17% more funds holding
Funds holding: 169 → 198 (+29)
1.29% more ownership
Funds ownership: 10.79% → 12.07% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.56M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$4.66M |
| 3 |
OFA
Oak Family Advisors
Chicago,
Illinois
|
+$3.33M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.33M |
| 5 |
Morgan Stanley
New York
|
+$2.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$5.23M |
| 2 |
HAS
HBW Advisory Services
Simi Valley,
California
|
-$4.25M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$564K |
| 4 |
VFA
Valeo Financial Advisors
Carmel,
Indiana
|
-$558K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$514K |
UTG Hedge Fund Activity: Q3 2024 in Review
198 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q3 2024, worth a combined $313M — up 34% from $233M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new UTG positions and 7 closed out — a net gain of 30 holders — while 69 added to existing stakes and 38 trimmed.
The largest buyer was Ameriprise, adding an estimated $5.56M. The largest seller was Raymond James & Associates, cutting an estimated $5.23M.
- 198 institutional investors held Reaves Utility Income Fund (UTG) as of Q3 2024, up from 169 in Q2 2024.
- Funds reported $313M of Reaves Utility Income Fund stock for Q3 2024, up 34% quarter-over-quarter.
- 37 funds opened new Reaves Utility Income Fund positions in Q3 2024 and 7 closed out, a net change of +30 holders.
- The largest Reaves Utility Income Fund buyer in Q3 2024 was Ameriprise, an estimated $5.56M added.
- The largest Reaves Utility Income Fund seller in Q3 2024 was Raymond James & Associates, an estimated $5.23M sold.
Based on aggregated 13F filings for Q3 2024.