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 ≈ $26.59.
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 152 |
| Q4 2022 | 159 |
| Q1 2023 | 166 |
| Q2 2023 | 153 |
| Q3 2023 | 148 |
| Q4 2023 | 163 |
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 |
| Q2 2023 | 57 | 66 |
| Q3 2023 | 63 | 61 |
| Q4 2023 | 76 | 57 |
Biggest buyers
| MORGAN STANLEY | Added | +744.6k |
| J.W. COLE ADVISORS, INC. | Added | +221.5k |
| Sterling Investment Advisors, Ltd. | New | +123.0k |
| Lido Advisors, LLC | New | +108.5k |
| LPL Financial LLC | Added | +56.0k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +51.9k |
| MERCER GLOBAL ADVISORS INC /ADV | New | +49.8k |
| WEALTH EFFECTS LLC | New | +37.9k |
| NewEdge Advisors, LLC | Added | +31.6k |
| GUGGENHEIM CAPITAL LLC | Added | +27.7k |
Biggest sellers
| Trek Financial, LLC | Sold out | -152.5k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | Reduced | -68.4k |
| OSAIC HOLDINGS, INC. | Reduced | -28.8k |
| Janney Montgomery Scott LLC | Reduced | -21.7k |
| HUDSON EDGE INVESTMENT PARTNERS INC. | Sold out | -18.6k |
| Sigma Planning Corp | Reduced | -12.8k |
| UBS Group AG | Reduced | -12.2k |
| Cetera Advisor Networks LLC | Reduced | -9.5k |
| SeaCrest Wealth Management, LLC | Sold out | -9.1k |
| Wellington Shields & Co., LLC | Sold out | -8.5k |
Insider purchases and sales in Q4 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 |
|---|---|---|---|
| 2023-10-23 | GRIMES THOMAS MICHAEL Officer of Investment Advisor · Reaves Utility Income Fund | Sold | $359.6k15.2k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $38.9m | Added +744.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 730.3k $19.5m | Added +7.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 473.3k $12.7m | Added +16.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 373.0k $10.0m | Added +18.2k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 340.4k $9.1m | Reduced -28.8k |
| LPL Financial LLC 0.00% of their portfolio | 293.5k $7.8m | Added +56.0k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 283.9k $7.6m | Added +9.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 258.4k $6.9m | Added +10.4k |
| J.W. COLE ADVISORS, INC. 0.38% of their portfolio | 242.7k $6.5m | Added +221.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 213.2k $5.7m | Added +16.9k |
| Private Advisor Group, LLC 0.04% of their portfolio | 202.2k $5.4m | Added +4.5k |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 193.9k $5.2m | Added +27.7k |
| HBW ADVISORY SERVICES LLC 0.84% of their portfolio | 167.7k $4.5m | Added +2.6k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 164.9k $4.4m | Added +3.8k |
| UBS Group AG 0.00% of their portfolio | 151.3k $4.0m | Reduced -12.2k |
| Sterling Investment Advisors, Ltd. 1.02% of their portfolio | 123.0k $3.3m | New |
| JBR Co Financial Management Inc 2.95% of their portfolio | 117.5k $3.1m | First filing |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 112.3k $3.0m | Reduced -4.4k |
| Lido Advisors, LLC 0.03% of their portfolio | 108.5k $2.9m | New |
| Magnus Financial Group LLC 0.37% of their portfolio | 106.2k $2.8m | Added +19.1k |
| REAVES W H & CO INC 0.09% of their portfolio | 91.6k $2.4m | Reduced -3.1k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 85.1k $2.3m | Added +5.5k |
| Cetera Advisor Networks LLC 0.01% of their portfolio | 76.6k $2.0m | Reduced -9.5k |
| LongView Wealth Management 0.93% of their portfolio | 76.2k $2.1m | First filing |
| LANARK FINANCIAL, INC. 0.20% of their portfolio | 72.7k $1.9m | Reduced -87 |
| Good Life Advisors, LLC 0.19% of their portfolio | 70.4k $1.9m | Added +963 |
| Tradition Wealth Management, LLC 0.19% of their portfolio | 68.4k $1.8m | Reduced -5.7k |
| Atria Wealth Solutions, Inc. 0.02% of their portfolio | 63.8k $1.7m | Added +20.9k |
| Sowell Financial Services LLC 0.09% of their portfolio | 58.9k $1.6m | Added +798 |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 58.6k $1.6m | Reduced -21.7k |
| Consolidated Portfolio Review Corp 0.33% of their portfolio | 53.4k $1.4m | Added +19.3k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.12% of their portfolio | 51.9k $1.4m | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 49.8k $50.0k | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 48.8k $1.3m | Reduced -6.2k |
| Cetera Investment Advisers 0.01% of their portfolio | 45.0k $1.2m | Added +3.8k |
| OPPENHEIMER & CO INC 0.02% of their portfolio | 42.0k $1.1m | Added +3 |
| WEALTH EFFECTS LLC 0.38% of their portfolio | 37.9k $1.0m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 33.1k $884.8k | Reduced -1.8k |
| Highlander Capital Management, LLC 0.30% of their portfolio | 32.0k $854.5k | Added +12.4k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 31.7k $847.6k | Reduced -7.7k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 31.7k $832.5k | Added +31.6k |
| Semus Wealth Partners LLC 0.68% of their portfolio | 30.8k $824.4k | Reduced -2.9k |
| AE Wealth Management LLC 0.00% of their portfolio | 27.6k $727.5k | Added +298 |
| HighTower Advisors, LLC 0.00% of their portfolio | 25.8k $689.0k | Added +7.4k |
| WEDBUSH SECURITIES INC 0.03% of their portfolio | 24.9k $665.0k | Added +6.1k |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.31% of their portfolio | 24.3k $648.9k | Added +11.7k |
| Kovack Advisors, Inc. 0.08% of their portfolio | 24.2k $648.0k | Added +2.2k |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 24.0k $641.4k | Added +1.8k |
| Atlas Brown,Inc. 0.25% of their portfolio | 22.3k $597.1k | Reduced -157 |
| Creative Planning 0.00% of their portfolio | 22.1k $590.4k | Reduced -3.1k |
| Brookstone Capital Management 0.01% of their portfolio | 21.5k $575.6k | Reduced -7.5k |
| CENTAURUS FINANCIAL, INC. 0.04% of their portfolio | 21.1k $563.0k | Added +1.8k |
| StoneX Group Inc. 0.06% of their portfolio | 20.9k $567.2k | Reduced -268 |
| Biechele Royce Advisors 0.18% of their portfolio | 20.8k $555.0k | Reduced -2.8k |
| Valeo Financial Advisors, LLC 0.02% of their portfolio | 20.5k $548.6k | Reduced -203 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 20.3k $543.8k | Added +275 |
| Certified Advisory Corp 0.08% of their portfolio | 20.3k $542.2k | Reduced -1.9k |
| Welch Group, LLC 0.03% of their portfolio | 20.0k $535.3k | Unchanged |
| Merrion Investment Management Co, LLC 0.42% of their portfolio | 20.0k $534.8k | Unchanged |
| Sound View Wealth Advisors Group, LLC 0.05% of their portfolio | 18.6k $497.9k | Reduced -4.3k |
| Future Financial Wealth Managment LLC 0.49% of their portfolio | 18.4k $492.0k | Added +1.2k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio | 18.0k $481.3k | Unchanged |
| NWF Advisory Services Inc. 0.09% of their portfolio | 17.2k $459.6k | Reduced -1.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 17.0k $455.9k | Added +354 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 16.6k $443.0k | Reduced -3.4k |
| Samalin Investment Counsel, LLC 0.22% of their portfolio | 16.2k $433.9k | Added +6.4k |
| Advisory Services Network, LLC 0.01% of their portfolio | 16.1k $430.4k | Reduced -250 |
| Stratos Wealth Partners, LTD. 0.01% of their portfolio | 15.9k $426.5k | New |
| DAVENPORT & Co LLC 0.00% of their portfolio | 14.2k $379.5k | Reduced -2.0k |
| Armor Investment Advisors, LLC 0.20% of their portfolio | 14.0k $374.2k | Added +1.1k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 13.2k $353.0k | Added +1.7k |
| All Season Financial Advisors, Inc. 0.29% of their portfolio | 12.9k $345.8k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.6k $337.7k | New |
| Sigma Planning Corp 0.03% of their portfolio | 12.1k $322.3k | Reduced -12.8k |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio | 11.7k $313.0k | Reduced -68.4k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio | 11.7k $312.1k | Added +3.1k |
| FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio | 11.3k $303.2k | Added +875 |
| GRAYBILL WEALTH MANAGEMENT, LTD. 0.13% of their portfolio | 11.3k $302.5k | Added +160 |
| Moors & Cabot, Inc. 0.02% of their portfolio | 11.0k $294.6k | Reduced -50 |
| Virtu Financial LLC 0.02% of their portfolio | 10.8k $290.0k | New |
| Penbrook Management LLC 0.19% of their portfolio | 10.6k $282.8k | Unchanged |
| FOCUS FINANCIAL NETWORK INC /ADV 0.01% of their portfolio | 10.5k $282.0k | First filing |
| Quantum Portfolio Management LLC 0.18% of their portfolio | 10.4k $278.9k | First filing |
| Strategic Family Wealth Counselors, L.L.C. 0.12% of their portfolio | 10.3k $276.5k | Reduced -3.7k |
| NEVILLE RODIE & SHAW INC 0.02% of their portfolio | 10.2k $273.0k | Unchanged |
| Wealthspire Advisors, LLC 0.00% of their portfolio | 10.2k $273.0k | Reduced -376 |
| Navis Wealth Advisors, LLC 0.35% of their portfolio | 10.0k $267.4k | Unchanged |
| Commonwealth Financial Services, LLC 0.06% of their portfolio | 9.8k $262.5k | Reduced -1.1k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio | 9.8k $261.0k | Reduced -3.3k |
| Capital Investment Advisory Services, LLC 0.02% of their portfolio | 9.5k $255.1k | New |
| Paragon Wealth Strategies, LLC 0.07% of their portfolio | 9.3k $248.8k | Added +45 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.02% of their portfolio | 9.0k $243.8k | Reduced -3.0k |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 9.0k $240.0k | Added +149 |
| LINCOLN NATIONAL CORP 0.00% of their portfolio | 8.9k $237.7k | New |
| Hollow Brook Wealth Management LLC 0.09% of their portfolio | 8.6k $230.8k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 8.4k $224.8k | Unchanged |
| CoreCap Advisors, LLC 0.01% of their portfolio | 8.4k $224.7k | New |
| Lowe Wealth Advisors, LLC 0.11% of their portfolio | 8.0k $213.9k | Reduced -550 |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 8.0k $214.3k | New |
| BRIGHTON JONES LLC 0.01% of their portfolio | 7.8k $209.9k | New |