REAVES UTIL INCOME FD UTG
COM SH BEN INT · Closed-End Fund · CUSIP 756158101
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $28.38.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 152 |
| Q4 2022 | 159 |
| Q1 2023 | 166 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 70 | 59 |
| Q1 2023 | 94 | 41 |
Biggest buyers
| MORGAN STANLEY | Added | +47.3k |
| Claybrook Capital, LLC | Added | +17.9k |
| STIFEL FINANCIAL CORP | Added | +16.9k |
| BANK OF MONTREAL /CAN/ | New | +16.0k |
| AMERIPRISE FINANCIAL INC | Added | +13.0k |
| Creative Planning | Added | +10.6k |
| WELLS FARGO & COMPANY/MN | Added | +9.8k |
| Hollow Brook Wealth Management LLC | New | +9.1k |
| GUGGENHEIM CAPITAL LLC | Added | +8.9k |
| Focus Financial Network, Inc. | New | +8.8k |
Biggest sellers
| Trek Financial, LLC | Reduced | -139.6k |
| Weiss Asset Management LP | Sold out | -74.7k |
| ROYAL BANK OF CANADA | Reduced | -71.4k |
| IBEX WEALTH ADVISORS | Sold out | -51.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -29.2k |
| Cambridge Investment Research Advisors, Inc. | Reduced | -28.9k |
| Elequin Capital, LP | Reduced | -19.9k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -19.8k |
| Raymond James Financial Services Advisors, Inc. | Reduced | -19.5k |
| Sowell Financial Services LLC | Reduced | -17.0k |
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-15 | Rhame Joseph Burns III Officer of Investment Advisor · Reaves Utility Income Fund | Bought | $54.6k2.0k shares |
| 2023-02-14 | Rhame Joseph Burns III Officer of Investment Advisor · Reaves Utility Income Fund | Bought | $48.2k1.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 750.8k $21.3m | Added +3.6k |
| MORGAN STANLEY 0.00% of their portfolio | 699.1k $19.8m | Added +47.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 452.7k $12.8m | Added +9.8k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 353.1k $10.0m | Reduced -9.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 320.6k $9.1m | Reduced -71.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 302.5k $8.6m | Added +13.0k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 271.1k $7.7m | Reduced -19.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 237.8k $6.7m | Added +6.1k |
| LPL Financial LLC 0.00% of their portfolio | 191.9k $5.4m | Added +659 |
| Private Advisor Group, LLC 0.05% of their portfolio | 188.0k $5.3m | Added +6.5k |
| UBS Group AG 0.00% of their portfolio | 186.8k $5.3m | Added +3.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 150.5k $4.3m | Added +16.9k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 141.4k $4.0m | Added +8.9k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 123.1k $3.5m | Reduced -19.5k |
| HBW ADVISORY SERVICES LLC 0.75% of their portfolio | 105.4k $3.0m | Added +3.0k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 93.8k $2.7m | Added +8.5k |
| REAVES W H & CO INC 0.10% of their portfolio | 93.4k $2.6m | Added +848 |
| Focused Wealth Management, Inc 0.53% of their portfolio | 92.8k $2.6m | Added +3.7k |
| Trek Financial, LLC 0.24% of their portfolio | 91.4k $2.6m | Reduced -139.6k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.27% of their portfolio | 91.3k $2.6m | Added +1.4k |
| Cetera Advisor Networks LLC 0.02% of their portfolio | 85.9k $2.4m | Reduced -289 |
| Magnus Financial Group LLC 0.37% of their portfolio | 84.8k $2.4m | Added +2.0k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 72.6k $2.1m | Reduced -28.9k |
| Good Life Advisors, LLC 0.25% of their portfolio | 70.2k $2.0m | Added +880 |
| Tradition Wealth Management, LLC 0.23% of their portfolio | 64.7k $1.8m | Reduced -13 |
| Sowell Financial Services LLC 0.13% of their portfolio | 57.6k $1.6m | Reduced -17.0k |
| Steward Partners Investment Advisory, LLC 0.02% of their portfolio | 54.3k $1.5m | Added +7.0k |
| Claybrook Capital, LLC 0.77% of their portfolio | 48.3k $1.4m | Added +17.9k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 45.8k $1.3m | Added +4.4k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 41.7k $1.2m | Added +1.0k |
| OPPENHEIMER & CO INC 0.02% of their portfolio | 41.1k $1.2m | Added +388 |
| Semus Wealth Partners LLC 1.04% of their portfolio | 33.9k $963.5k | Added +177 |
| 1832 Asset Management L.P. 0.00% of their portfolio | 30.8k $874.1k | Reduced -169 |
| Brookstone Capital Management 0.02% of their portfolio | 30.7k $896.1k | Added +4.5k |
| Atria Wealth Solutions, Inc. 0.01% of their portfolio | 29.3k $832.5k | Reduced -1.9k |
| StoneX Group Inc. 0.09% of their portfolio | 28.5k $809.9k | Reduced -2.5k |
| AE Wealth Management LLC 0.01% of their portfolio | 27.9k $793.2k | Reduced -439 |
| Cetera Investment Advisers 0.01% of their portfolio | 26.1k $740.4k | Added +370 |
| J.W. COLE ADVISORS, INC. 0.05% of their portfolio | 26.1k $739.6k | Added +1.8k |
| Sigma Planning Corp 0.02% of their portfolio | 24.5k $694.7k | Added +1.2k |
| Wealthspire Advisors, LLC 0.01% of their portfolio | 24.2k $686.7k | Reduced -16.1k |
| Mutual Advisors, LLC 0.03% of their portfolio | 23.8k $676.1k | Added +464 |
| Kovack Advisors, Inc. 0.09% of their portfolio | 23.6k $669.5k | Reduced -1.0k |
| Sound View Wealth Advisors Group, LLC 0.09% of their portfolio | 23.2k $658.1k | Added +4.6k |
| DAVENPORT & Co LLC 0.01% of their portfolio | 22.9k $650.4k | Added +1.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 22.4k $636.4k | Reduced -3.3k |
| Atlas Brown,Inc. 0.29% of their portfolio | 22.3k $631.5k | Added +108 |
| KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio | 22.0k $624.8k | Reduced -2.9k |
| Biechele Royce Advisors 0.23% of their portfolio | 21.6k $612.0k | Added +2.0k |
| Valeo Financial Advisors, LLC 0.03% of their portfolio | 20.5k $582.3k | Unchanged |
| Certified Advisory Corp 0.10% of their portfolio | 20.5k $581.2k | Added +1.2k |
| Merrion Investment Management Co, LLC 0.54% of their portfolio | 20.0k $567.6k | Unchanged |
| Welch Group, LLC 0.03% of their portfolio | 19.7k $557.9k | Unchanged |
| CENTAURUS FINANCIAL, INC. 0.04% of their portfolio | 19.6k $557.0k | Added +2.4k |
| All Season Financial Advisors, Inc. 0.48% of their portfolio | 18.6k $527.9k | Added +6.3k |
| Creative Planning 0.00% of their portfolio | 18.5k $523.7k | Added +10.6k |
| HUDSON EDGE INVESTMENT PARTNERS INC. 0.16% of their portfolio | 18.2k $516.0k | Added +485 |
| Advisory Services Network, LLC 0.01% of their portfolio | 16.9k $479.4k | Added +1.2k |
| NWF Advisory Services Inc. 0.10% of their portfolio | 16.4k $449.4k | First filing |
| Snowden Capital Advisors LLC 0.02% of their portfolio | 16.3k $463.8k | Added +3.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 16.0k $455.1k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 15.8k $449.6k | Reduced -875 |
| HighTower Advisors, LLC 0.00% of their portfolio | 15.7k $446.0k | Added +94 |
| AVALON CAPITAL MANAGEMENT 0.22% of their portfolio | 15.4k $436.3k | Unchanged |
| JOHNSON INVESTMENT COUNSEL INC 0.01% of their portfolio | 15.3k $433.1k | Unchanged |
| BerganKDV Wealth Management, LLC 0.04% of their portfolio | 15.0k $425.7k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 14.7k $419.0k | Added +4.0k |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 14.5k $412.0k | Added +3.2k |
| Future Financial Wealth Managment LLC 0.44% of their portfolio | 14.2k $403.0k | Reduced -5.7k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio | 13.1k $371.0k | Unchanged |
| Moors & Cabot, Inc. 0.03% of their portfolio | 12.9k $367.3k | Reduced -3.4k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 12.8k $362.9k | Reduced -251 |
| Western Wealth Management, LLC 0.03% of their portfolio | 12.7k $359.3k | Added +2.0k |
| Armor Investment Advisors, LLC 0.20% of their portfolio | 12.3k $348.2k | Added +434 |
| GRAYBILL WEALTH MANAGEMENT, LTD. 0.17% of their portfolio | 11.7k $332.2k | Added +495 |
| US BANCORP \DE\ 0.00% of their portfolio | 11.5k $325.4k | Unchanged |
| Belpointe Asset Management LLC 0.02% of their portfolio | 11.1k $315.5k | Reduced -7.4k |
| SeaCrest Wealth Management, LLC 0.04% of their portfolio | 10.9k $308.5k | Added +1.3k |
| Patriot Financial Group Insurance Agency, LLC 0.06% of their portfolio | 10.5k $298.3k | Added +305 |
| FLAGSHIP HARBOR ADVISORS, LLC 0.03% of their portfolio | 10.5k $296.9k | Unchanged |
| NEVILLE RODIE & SHAW INC 0.03% of their portfolio | 10.2k $290.0k | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 10.1k $287.1k | Added +227 |
| Navis Wealth Advisors, LLC 0.31% of their portfolio | 10.0k $283.8k | Unchanged |
| TIEMANN INVESTMENT ADVISORS, LLC 0.15% of their portfolio | 9.8k $278.8k | Reduced -951 |
| Arete Wealth Advisors, LLC 0.02% of their portfolio | 9.7k $275.0k | Added +484 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 9.5k $269.2k | Reduced -570 |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.01% of their portfolio | 9.2k $261.0k | Added +140 |
| Hollow Brook Wealth Management LLC 0.12% of their portfolio | 9.1k $259.5k | New |
| HANCOCK WHITNEY CORP 0.01% of their portfolio | 8.9k $253.0k | Unchanged |
| Focus Financial Network, Inc. 0.02% of their portfolio | 8.8k $250.4k | New |
| Lowe Wealth Advisors, LLC 0.13% of their portfolio | 8.7k $245.5k | Added +450 |
| Wellington Shields & Co., LLC 0.05% of their portfolio | 8.5k $242.3k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 8.4k $239.0k | Added +630 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 8.2k $234.0k | Added +67 |
| IFG Advisory, LLC 0.02% of their portfolio | 7.6k $215.8k | Added +26 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 7.6k $214.4k | New |
| Platform Technology Partners 0.10% of their portfolio | 7.4k $210.3k | New |
| Pinnacle Wealth Management Group, Inc. 0.18% of their portfolio | 7.2k $204.3k | Reduced -325 |
| TWO SIGMA SECURITIES, LLC 0.02% of their portfolio | 7.2k $203.6k | New |
| J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio | 7.1k $201.4k | New |