Vault-13

REAVES UTIL INCOME FD UTG

COM SH BEN INT · Closed-End Fund · CUSIP 756158101

163 institutional holders +15 vs Q3 2023
8,297,7848.3m shares reported held*
$220.7mreported value*
25 new 51 added 41 reduced 16 sold out net bought ≈ $34.6m (+1.3m shares)

* 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

0100200Q3 22: 152Q4 22: 159Q1 23: 166Q2 23: 153Q3 23: 148Q4 23: 163163Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022152
Q4 2022159
Q1 2023166
Q2 2023153
Q3 2023148
Q4 2023163

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 70 bought or addedQ4 22: 59 cut or sold outQ4 22Q1 23: 94 bought or addedQ1 23: 41 cut or sold outQ1 23Q2 23: 57 bought or addedQ2 23: 66 cut or sold outQ2 23Q3 23: 63 bought or addedQ3 23: 61 cut or sold outQ3 23Q4 23: 76 bought or addedQ4 23: 57 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227059
Q1 20239441
Q2 20235766
Q3 20236361
Q4 20237657

Biggest buyers

MORGAN STANLEY Added +744,586+744.6k
J.W. COLE ADVISORS, INC. Added +221,494+221.5k
Sterling Investment Advisors, Ltd. New +123,044+123.0k
Lido Advisors, LLC New +108,488+108.5k
LPL Financial LLC Added +55,965+56.0k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. New +51,916+51.9k
MERCER GLOBAL ADVISORS INC /ADV New +49,772+49.8k
WEALTH EFFECTS LLC New +37,943+37.9k
NewEdge Advisors, LLC Added +31,605+31.6k
GUGGENHEIM CAPITAL LLC Added +27,726+27.7k

Biggest sellers

Trek Financial, LLC Sold out -152,501-152.5k
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Reduced -68,444-68.4k
OSAIC HOLDINGS, INC. Reduced -28,814-28.8k
Janney Montgomery Scott LLC Reduced -21,741-21.7k
HUDSON EDGE INVESTMENT PARTNERS INC. Sold out -18,582-18.6k
Sigma Planning Corp Reduced -12,808-12.8k
UBS Group AG Reduced -12,157-12.2k
Cetera Advisor Networks LLC Reduced -9,530-9.5k
SeaCrest Wealth Management, LLC Sold out -9,070-9.1k
Wellington Shields & Co., LLC Sold out -8,539-8.5k

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.

DateInsiderTradeSharesPrice ValueTheir holding
2023-10-23 GRIMES THOMAS MICHAEL Officer of Investment Advisor · Reaves Utility Income Fund Sold 15,223 $23.62 $359.6k15.2k shares -100%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,453,4961.5m $38.9m $38.9m 0.00% Added +744.6k +744,586
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 730,294730.3k $19.5m $19.5m 0.00% Added +7.0k +6,972
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 473,294473.3k $12.7m $12.7m 0.00% Added +16.5k +16,453
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 372,996373.0k $10.0m $10.0m 0.00% Added +18.2k +18,160
5 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 340,380340.4k $9.1m $9.1m 0.02% Reduced -28.8k -28,814
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 293,535293.5k $7.8m $7.8m 0.00% Added +56.0k +55,965
7 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 283,946283.9k $7.6m $7.6m 0.01% Added +9.3k +9,328
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 258,393258.4k $6.9m $6.9m 0.00% Added +10.4k +10,399
9 J.W. COLE ADVISORS, INC. 0.38% of their portfolio TAMPA, FL 242,659242.7k $6.5m $6.5m 0.38% Added +221.5k +221,494
10 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 213,155213.2k $5.7m $5.7m 0.01% Added +16.9k +16,871
11 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 202,164202.2k $5.4m $5.4m 0.04% Added +4.5k +4,450
12 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 193,946193.9k $5.2m $5.2m 0.04% Added +27.7k +27,726
13 HBW ADVISORY SERVICES LLC 0.84% of their portfolio SIMI VALLEY, CA 167,701167.7k $4.5m $4.5m 0.84% Added +2.6k +2,586
14 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 164,892164.9k $4.4m $4.4m 0.01% Added +3.8k +3,782
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 151,292151.3k $4.0m $4.0m 0.00% Reduced -12.2k -12,157
16 Sterling Investment Advisors, Ltd. 1.02% of their portfolio BERWYN, PA 123,044123.0k $3.3m $3.3m 1.02% New
17 JBR Co Financial Management Inc 2.95% of their portfolio ARDMORE, OK 117,458117.5k $3.1m $3.1m 2.95% First filing
18 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 112,264112.3k $3.0m $3.0m 0.00% Reduced -4.4k -4,393
19 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 108,488108.5k $2.9m $2.9m 0.03% New
20 Magnus Financial Group LLC 0.37% of their portfolio NEW YORK, NY 106,161106.2k $2.8m $2.8m 0.37% Added +19.1k +19,120
21 REAVES W H & CO INC 0.09% of their portfolio JERSEY CITY, NJ 91,55391.6k $2.4m $2.4m 0.09% Reduced -3.1k -3,124
22 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 85,11485.1k $2.3m $2.3m 0.01% Added +5.5k +5,486
23 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 76,55276.6k $2.0m $2.0m 0.01% Reduced -9.5k -9,530
24 LongView Wealth Management 0.93% of their portfolio ATLANTA, GA 76,20076.2k $2.1m $2.1m 0.93% First filing
25 LANARK FINANCIAL, INC. 0.20% of their portfolio BIRMINGHAM, AL 72,68872.7k $1.9m $1.9m 0.20% Reduced -87 -87
26 Good Life Advisors, LLC 0.19% of their portfolio READING, PA 70,36870.4k $1.9m $1.9m 0.19% Added +963 +963
27 Tradition Wealth Management, LLC 0.19% of their portfolio EDINA, MN 68,41968.4k $1.8m $1.8m 0.19% Reduced -5.7k -5,707
28 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 63,80063.8k $1.7m $1.7m 0.02% Added +20.9k +20,896
29 Sowell Financial Services LLC 0.09% of their portfolio NORTH LITTLE ROCK, AR 58,87858.9k $1.6m $1.6m 0.09% Added +798 +798
30 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 58,62758.6k $1.6m $1.6m 0.01% Reduced -21.7k -21,741
31 Consolidated Portfolio Review Corp 0.33% of their portfolio WOODBURY, NY 53,38753.4k $1.4m $1.4m 0.33% Added +19.3k +19,282
32 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.12% of their portfolio Englewood, NJ 51,91651.9k $1.4m $1.4m 0.12% New
33 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 49,77249.8k $50.0k $50.0k 0.00% New
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 48,80848.8k $1.3m $1.3m 0.00% Reduced -6.2k -6,202
35 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 44,99045.0k $1.2m $1.2m 0.01% Added +3.8k +3,836
36 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 41,96842.0k $1.1m $1.1m 0.02% Added +3 +3
37 WEALTH EFFECTS LLC 0.38% of their portfolio BOSTON, MA 37,94337.9k $1.0m $1.0m 0.38% New
38 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 33,08933.1k $884.8k $884.8k 0.00% Reduced -1.8k -1,823
39 Highlander Capital Management, LLC 0.30% of their portfolio SHORT HILLS, NJ 31,95532.0k $854.5k $854.5k 0.30% Added +12.4k +12,400
40 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 31,69731.7k $847.6k $847.6k 0.01% Reduced -7.7k -7,679
41 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 31,68231.7k $832.5k $832.5k 0.01% Added +31.6k +31,605
42 Semus Wealth Partners LLC 0.68% of their portfolio Boca Raton, FL 30,82930.8k $824.4k $824.4k 0.68% Reduced -2.9k -2,904
43 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 27,64227.6k $727.5k $727.5k 0.00% Added +298 +298
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 25,80625.8k $689.0k $689.0k 0.00% Added +7.4k +7,417
45 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 24,86324.9k $665.0k $665.0k 0.03% Added +6.1k +6,065
46 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.31% of their portfolio LEAWOOD, KS 24,26724.3k $648.9k $648.9k 0.31% Added +11.7k +11,687
47 Kovack Advisors, Inc. 0.08% of their portfolio FT. LAUDERDALE, FL 24,23524.2k $648.0k $648.0k 0.08% Added +2.2k +2,181
48 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 23,98724.0k $641.4k $641.4k 0.01% Added +1.8k +1,837
49 Atlas Brown,Inc. 0.25% of their portfolio LOUISVILLE, KY 22,33022.3k $597.1k $597.1k 0.25% Reduced -157 -157
50 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,08022.1k $590.4k $590.4k 0.00% Reduced -3.1k -3,074
51 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 21,52721.5k $575.6k $575.6k 0.01% Reduced -7.5k -7,484
52 CENTAURUS FINANCIAL, INC. 0.04% of their portfolio ANAHEIM, CA 21,06921.1k $563.0k $563.0k 0.04% Added +1.8k +1,804
53 StoneX Group Inc. 0.06% of their portfolio NEW YORK, NY 20,92920.9k $567.2k $567.2k 0.06% Reduced -268 -268
54 Biechele Royce Advisors 0.18% of their portfolio FISHERS, IN 20,75020.8k $555.0k $555.0k 0.18% Reduced -2.8k -2,750
55 Valeo Financial Advisors, LLC 0.02% of their portfolio CARMEL, IN 20,51820.5k $548.6k $548.6k 0.02% Reduced -203 -203
56 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 20,33620.3k $543.8k $543.8k 0.00% Added +275 +275
57 Certified Advisory Corp 0.08% of their portfolio ALTAMONTE SPRINGS, FL 20,27620.3k $542.2k $542.2k 0.08% Reduced -1.9k -1,881
58 Welch Group, LLC 0.03% of their portfolio BIRMINGHAM, AL 20,01720.0k $535.3k $535.3k 0.03% Unchanged
59 Merrion Investment Management Co, LLC 0.42% of their portfolio Cranford, NJ 20,00020.0k $534.8k $534.8k 0.42% Unchanged
60 Sound View Wealth Advisors Group, LLC 0.05% of their portfolio SAVANNAH, GA 18,62218.6k $497.9k $497.9k 0.05% Reduced -4.3k -4,298
61 Future Financial Wealth Managment LLC 0.49% of their portfolio CINCINNATI, OH 18,40018.4k $492.0k $492.0k 0.49% Added +1.2k +1,200
62 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 18,00018.0k $481.3k $481.3k 0.00% Unchanged
63 NWF Advisory Services Inc. 0.09% of their portfolio Los Angeles, CA 17,18817.2k $459.6k $459.6k 0.09% Reduced -1.0k -1,000
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,04917.0k $455.9k $455.9k 0.00% Added +354 +354
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 16,56716.6k $443.0k $443.0k 0.00% Reduced -3.4k -3,387
66 Samalin Investment Counsel, LLC 0.22% of their portfolio CHAPPAQUA, NY 16,22616.2k $433.9k $433.9k 0.22% Added +6.4k +6,394
67 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 16,09416.1k $430.4k $430.4k 0.01% Reduced -250 -250
68 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 15,94915.9k $426.5k $426.5k 0.01% New
69 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 14,19114.2k $379.5k $379.5k 0.00% Reduced -2.0k -2,050
70 Armor Investment Advisors, LLC 0.20% of their portfolio RALEIGH, NC 13,99314.0k $374.2k $374.2k 0.20% Added +1.1k +1,075
71 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 13,20113.2k $353.0k $353.0k 0.00% Added +1.7k +1,691
72 All Season Financial Advisors, Inc. 0.29% of their portfolio DENVER, CO 12,93312.9k $345.8k $345.8k 0.29% New
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,62812.6k $337.7k $337.7k 0.00% New
74 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 12,05412.1k $322.3k $322.3k 0.03% Reduced -12.8k -12,808
75 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 11,70511.7k $313.0k $313.0k 0.03% Reduced -68.4k -68,444
76 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 11,67211.7k $312.1k $312.1k 0.02% Added +3.1k +3,062
77 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 11,33811.3k $303.2k $303.2k 0.02% Added +875 +875
78 GRAYBILL WEALTH MANAGEMENT, LTD. 0.13% of their portfolio ELMHURST, IL 11,31111.3k $302.5k $302.5k 0.13% Added +160 +160
79 Moors & Cabot, Inc. 0.02% of their portfolio BOSTON, MA 11,01711.0k $294.6k $294.6k 0.02% Reduced -50 -50
80 Virtu Financial LLC 0.02% of their portfolio New York, NY 10,84910.8k $290.0k $290.0k 0.02% New
81 Penbrook Management LLC 0.19% of their portfolio NEW YORK, NY 10,57510.6k $282.8k $282.8k 0.19% Unchanged
82 FOCUS FINANCIAL NETWORK INC /ADV 0.01% of their portfolio Minneapolis, MN 10,54510.5k $282.0k $282.0k 0.01% First filing
83 Quantum Portfolio Management LLC 0.18% of their portfolio NEW YORK, NY 10,42810.4k $278.9k $278.9k 0.18% First filing
84 Strategic Family Wealth Counselors, L.L.C. 0.12% of their portfolio FAIRFIELD, NJ 10,34010.3k $276.5k $276.5k 0.12% Reduced -3.7k -3,713
85 NEVILLE RODIE & SHAW INC 0.02% of their portfolio NEW YORK, NY 10,21810.2k $273.0k $273.0k 0.02% Unchanged
86 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 10,21010.2k $273.0k $273.0k 0.00% Reduced -376 -376
87 Navis Wealth Advisors, LLC 0.35% of their portfolio RYE BROOK, NY 10,00010.0k $267.4k $267.4k 0.35% Unchanged
88 Commonwealth Financial Services, LLC 0.06% of their portfolio VIENNA, WV 9,8159.8k $262.5k $262.5k 0.06% Reduced -1.1k -1,130
89 PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio BEDMINSTER, NJ 9,7579.8k $261.0k $261.0k 0.00% Reduced -3.3k -3,300
90 Capital Investment Advisory Services, LLC 0.02% of their portfolio RALEIGH, NC 9,5399.5k $255.1k $255.1k 0.02% New
91 Paragon Wealth Strategies, LLC 0.07% of their portfolio JACKSONVILLE, FL 9,3049.3k $248.8k $248.8k 0.07% Added +45 +45
92 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.02% of their portfolio BIRMINGHAM, AL 9,0409.0k $243.8k $243.8k 0.02% Reduced -3.0k -3,000
93 BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio ST. LOUIS, MO 8,9919.0k $240.0k $240.0k 0.00% Added +149 +149
94 LINCOLN NATIONAL CORP 0.00% of their portfolio RADNOR, PA 8,8898.9k $237.7k $237.7k 0.00% New
95 Hollow Brook Wealth Management LLC 0.09% of their portfolio Katonah, NY 8,6338.6k $230.8k $230.8k 0.09% Unchanged
96 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 8,4058.4k $224.8k $224.8k 0.00% Unchanged
97 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 8,4048.4k $224.7k $224.7k 0.01% New
98 Lowe Wealth Advisors, LLC 0.11% of their portfolio COLUMBIA, MD 8,0008.0k $213.9k $213.9k 0.11% Reduced -550 -550
99 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 7,9578.0k $214.3k $214.3k 0.01% New
100 BRIGHTON JONES LLC 0.01% of their portfolio SEATTLE, WA 7,8487.8k $209.9k $209.9k 0.01% New