Vault-13

REAVES UTIL INCOME FD UTG

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

223 institutional holders +19 vs Q1 2025
12,594,03812.6m shares reported held*
$455.7mreported value*
30 new 94 added 47 reduced 13 sold out net bought ≈ $55.1m (+1.5m 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 ≈ $36.18.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 152Q4 22: 159Q1 23: 166Q2 23: 153Q3 23: 148Q4 23: 163Q1 24: 168Q2 24: 173Q3 24: 201Q4 24: 204Q1 25: 204Q2 25: 223223Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022152
Q4 2022159
Q1 2023166
Q2 2023153
Q3 2023148
Q4 2023163
Q1 2024168
Q2 2024173
Q3 2024201
Q4 2024204
Q1 2025204
Q2 2025223

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 63 bought or addedQ3 23: 61 cut or sold outQ4 23: 76 bought or addedQ4 23: 57 cut or sold outQ4 23Q1 24: 79 bought or addedQ1 24: 51 cut or sold outQ2 24: 82 bought or addedQ2 24: 57 cut or sold outQ2 24Q3 24: 106 bought or addedQ3 24: 45 cut or sold outQ4 24: 104 bought or addedQ4 24: 64 cut or sold outQ4 24Q1 25: 108 bought or addedQ1 25: 64 cut or sold outQ2 25: 124 bought or addedQ2 25: 60 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236361
Q4 20237657
Q1 20247951
Q2 20248257
Q3 202410645
Q4 202410464
Q1 202510864
Q2 202512460

Biggest buyers

ROYAL BANK OF CANADA Added +486,629+486.6k
Cornerstone Advisors, LLC Added +325,939+325.9k
J.W. COLE ADVISORS, INC. Added +285,103+285.1k
BANK OF AMERICA CORP /DE/ Added +109,614+109.6k
RAYMOND JAMES FINANCIAL INC Added +43,358+43.4k
Wealthspire Advisors, LLC Added +38,145+38.1k
NewEdge Advisors, LLC Added +33,237+33.2k
STIFEL FINANCIAL CORP Added +31,446+31.4k
Janney Montgomery Scott LLC Added +25,178+25.2k
Westbourne Investment Advisors, Inc. New +22,900+22.9k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -107,966-108.0k
GUGGENHEIM CAPITAL LLC Reduced -41,466-41.5k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Sold out -29,554-29.6k
Consolidated Portfolio Review Corp Reduced -20,177-20.2k
World Investment Advisors Reduced -18,571-18.6k
OAK FAMILY ADVISORS, LLC Reduced -18,493-18.5k
AMERIFLEX GROUP, INC. Reduced -13,925-13.9k
Atria Wealth Solutions, Inc. Reduced -12,051-12.1k
Elequin Capital, LP Sold out -10,577-10.6k
Moors & Cabot, Inc. Sold out -10,470-10.5k

Insider purchases and sales in Q2 2025

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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 1 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 1 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20241$50.0k0——
Q2 20240—0——
Q3 20241$9.8k0——
Q4 20241$29.4k0——
Q1 20250—0——
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,043,4011.0m $37.8m $37.8m 0.00% Added +109.6k +109,614
2 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 987,774987.8k $35.7m $35.7m 0.00% Added +486.6k +486,629
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 975,172975.2k $35.3m $35.3m 0.00% Added +14.7k +14,733
4 Cornerstone Advisors, LLC 0.91% of their portfolio ASHEVILLE, NC 732,485732.5k $26.5m $26.5m 0.91% Added +325.9k +325,939
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 632,944632.9k $22.9m $22.9m 0.01% Added +8.3k +8,312
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 616,607616.6k $22.3m $22.3m 0.01% Added +17.4k +17,406
7 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 509,049509.0k $18.4m $18.4m 0.02% Added +19.5k +19,474
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 382,317382.3k $13.8m $13.8m 0.00% Reduced -108.0k -107,966
9 J.W. COLE ADVISORS, INC. 0.28% of their portfolio TAMPA, FL 362,956363.0k $13.1m $13.1m 0.28% Added +285.1k +285,103
10 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 359,116359.1k $13.0m $13.0m 0.03% Reduced -8.1k -8,079
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 287,238287.2k $10.4m $10.4m 0.00% Added +43.4k +43,358
12 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 255,169255.2k $9.2m $9.2m 0.01% Added +31.4k +31,446
13 OAK FAMILY ADVISORS, LLC 3.27% of their portfolio CHICAGO, IL 249,394249.4k $9.0m $9.0m 3.27% Reduced -18.5k -18,493
14 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 237,084237.1k $8.6m $8.6m 0.02% Added +3.2k +3,165
15 Magnus Financial Group LLC 0.65% of their portfolio NEW YORK, NY 203,951204.0k $7.4m $7.4m 0.65% Added +16.9k +16,876
16 Sterling Investment Advisors, Ltd. 1.53% of their portfolio BERWYN, PA 192,359192.4k $7.0m $7.0m 1.53% Added +7.2k +7,178
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 188,829188.8k $6.8m $6.8m 0.00% Added +13.3k +13,284
18 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 178,906178.9k $6.5m $6.5m 0.05% Reduced -41.5k -41,466
19 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 150,407150.4k $5.4m $5.4m 0.01% Added +1.1k +1,096
20 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 150,194150.2k $5.4m $5.4m 0.03% Added +822 +822
21 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 140,633140.6k $5.1m $5.1m 0.03% Added +9.1k +9,141
22 Consolidated Portfolio Review Corp 0.66% of their portfolio WOODBURY, NY 132,011132.0k $4.8m $4.8m 0.66% Reduced -20.2k -20,177
23 JBR Co Financial Management Inc 2.35% of their portfolio ARDMORE, OK 131,812131.8k $4.8m $4.8m 2.35% Reduced -4.3k -4,302
24 Mariner, LLC 0.01% of their portfolio Overland Park, KS 128,952129.0k $4.7m $4.7m 0.01% Added +3.1k +3,097
25 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 111,791111.8k $4.0m $4.0m 0.02% Added +33.2k +33,237
26 Tradition Wealth Management, LLC 0.28% of their portfolio EDINA, MN 98,26198.3k $3.6m $3.6m 0.28% Added +1.4k +1,361
27 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 97,68397.7k $3.5m $3.5m 0.02% Added +38.1k +38,145
28 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 93,56393.6k $3.4m $3.4m 0.01% Added +25.2k +25,178
29 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 91,69691.7k $3.3m $3.3m 0.01% Added +3.4k +3,398
30 REAVES W H & CO INC 0.07% of their portfolio JERSEY CITY, NJ 88,62388.6k $3.2m $3.2m 0.07% Added +1.4k +1,431
31 INDEPENDENT FINANCIAL GROUP, LLC 0.09% of their portfolio SAN DIEGO, CA 87,37587.4k $3.2m $3.2m 0.09% Added +3.3k +3,335
32 Smith Asset Management Co., LLC 2.50% of their portfolio Chiefland, FL 79,93779.9k $2.9m $2.9m 2.50% Reduced -723 -723
33 WEALTH EFFECTS LLC 0.94% of their portfolio BOSTON, MA 69,69969.7k $2.5m $2.5m 0.94% Added +99 +99
34 LongView Wealth Management 0.76% of their portfolio ATLANTA, GA 69,68069.7k $2.5m $2.5m 0.76% Added +68 +68
35 Good Life Advisors, LLC 0.15% of their portfolio READING, PA 67,55267.6k $2.4m $2.4m 0.15% Added +966 +966
36 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 58,92858.9k $2.1m $2.1m 0.03% Added +8.8k +8,819
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 58,20958.2k $2.1m $2.1m 0.00% Added +4.1k +4,089
38 Sowell Financial Services LLC 0.08% of their portfolio NORTH LITTLE ROCK, AR 57,60957.6k $2.1m $2.1m 0.08% Reduced -342 -342
39 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 57,19357.2k $2.1m $2.1m 0.05% Reduced -5.9k -5,860
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 54,70754.7k $2.0m $2.0m 0.00% Added +7.7k +7,733
41 CENTAURUS FINANCIAL, INC. 0.11% of their portfolio ANAHEIM, CA 54,10254.1k $2.0m $2.0m 0.11% Reduced -1.4k -1,412
42 LANARK FINANCIAL, INC. 0.15% of their portfolio BIRMINGHAM, AL 51,17351.2k $1.9m $1.9m 0.15% Reduced -4.4k -4,436
43 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 50,94950.9k $1.8m $1.8m 0.04% Reduced -12.1k -12,051
44 XML Financial, LLC 0.16% of their portfolio BETHESDA, MD 49,65549.7k $1.8m $1.8m 0.16% Added +1.7k +1,735
45 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 41,14441.1k $1.5m $1.5m 0.00% Reduced -186 -186
46 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 40,37540.4k $1.5m $1.5m 0.02% Added +7.2k +7,221
47 World Investment Advisors 0.03% of their portfolio LINCROFT, NJ 40,22140.2k $1.5m $1.5m 0.03% Reduced -18.6k -18,571
48 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 36,17736.2k $1.3m $1.3m 0.01% Added +1.0k +1,000
49 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 36,00936.0k $1.3m $1.3m 0.05% Added +2.7k +2,724
50 Kercheville Advisors, LLC 0.43% of their portfolio San Antonio, TX 34,77034.8k $1.3m $1.3m 0.43% Reduced -767 -767
51 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 34,59934.6k $1.3m $1.3m 0.00% Added +16.1k +16,068
52 Beacon Capital Management, Inc. 0.06% of their portfolio DAYTON, OH 34,50034.5k $1.2m $1.2m 0.06% Added +10.5k +10,500
53 INTEGRITY ALLIANCE, LLC. 0.07% of their portfolio Urbandale, IA 33,62333.6k $1.2m $1.2m 0.07% Added +2.9k +2,866
54 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 32,99833.0k $1.2m $1.2m 0.01% Added +1.9k +1,884
55 HBW ADVISORY SERVICES LLC 0.14% of their portfolio SIMI VALLEY, CA 32,14332.1k $1.2m $1.2m 0.14% Added +333 +333
56 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 30,82530.8k $1.1m $1.1m 0.04% Added +2.6k +2,609
57 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 28,89028.9k $1.0m $1.0m 0.03% Added +203 +203
58 Carnegie Lake Advisors LLC 0.41% of their portfolio PRINCETON, NJ 28,60928.6k $1.0m $1.0m 0.41% Reduced -2.4k -2,351
59 Strategic Family Wealth Counselors, L.L.C. 0.29% of their portfolio FAIRFIELD, NJ 28,07328.1k $1.0m $1.0m 0.29% Reduced -188 -188
60 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 26,91326.9k $973.7k $973.7k 0.01% Added +1.4k +1,375
61 NWF Advisory Services Inc. 0.12% of their portfolio Los Angeles, CA 26,76226.8k $968.2k $968.2k 0.12% Added +1.5k +1,522
62 Future Financial Wealth Managment LLC 0.65% of their portfolio CINCINNATI, OH 26,17026.2k $946.8k $946.8k 0.65% Added +470 +470
63 Merrion Investment Management Co, LLC 0.59% of their portfolio Cranford, NJ 25,00025.0k $904.5k $904.5k 0.59% Unchanged
64 Atlanta Consulting Group Advisors, LLC 0.24% of their portfolio ATLANTA, GA 24,53424.5k $887.6k $887.6k 0.24% Added +53 +53
65 DEBUSSY CAPITAL MANAGEMENT LP 0.13% of their portfolio CHICAGO, IL 24,35024.4k $881.0k $881.0k 0.13% Unchanged
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 23,10923.1k $836.1k $836.1k 0.00% Added +764 +764
67 Westbourne Investment Advisors, Inc. 0.25% of their portfolio ANNAPOLIS, MD 22,90022.9k $828.5k $828.5k 0.25% New
68 CWM, LLC 0.00% of their portfolio OMAHA, NE 22,76922.8k $824.0k $824.0k 0.00% Added +525 +525
69 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 22,60622.6k $817.9k $817.9k 0.01% Added +1.5k +1,533
70 Welch Group, LLC 0.03% of their portfolio BIRMINGHAM, AL 22,50022.5k $814.0k $814.0k 0.03% Added +3.5k +3,483
71 NFSG Corp 0.13% of their portfolio BOCA RATON, FL 22,28322.3k $806.2k $806.2k 0.13% New
72 Armor Investment Advisors, LLC 0.29% of their portfolio RALEIGH, NC 21,05021.1k $761.6k $761.6k 0.29% Added +915 +915
73 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 20,49620.5k $741.5k $741.5k 0.01% New
74 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 20,00020.0k $724.0k $724.0k 0.00% New
75 Samalin Investment Counsel, LLC 0.28% of their portfolio CHAPPAQUA, NY 19,81419.8k $716.9k $716.9k 0.28% Added +254 +254
76 Atlas Brown,Inc. 0.23% of their portfolio LOUISVILLE, KY 19,57919.6k $708.4k $708.4k 0.23% Reduced -1.2k -1,221
77 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 19,49619.5k $705.4k $705.4k 0.01% Added +1.8k +1,795
78 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,18519.2k $734.4k $734.4k 0.01% Added +28 +28
79 COMERICA BANK 0.00% of their portfolio DALLAS, TX 19,16419.2k $693.4k $693.4k 0.00% Added +320 +320
80 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 17,95618.0k $649.7k $649.7k 0.00% Added +1.4k +1,421
81 Sunpointe, LLC 0.26% of their portfolio ST. LOUIS, MO 17,77417.8k $643.0k $643.0k 0.26% Reduced -6.0k -5,955
82 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 17,65817.7k $639.0k $639.0k 0.00% Reduced -3.5k -3,490
83 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,20717.2k $622.5k $622.5k 0.00% Reduced -913 -913
84 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 17,08717.1k $618.2k $618.2k 0.00% Added +3.9k +3,946
85 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 16,80216.8k $607.9k $607.9k 0.00% Reduced -389 -389
86 MONETARY MANAGEMENT GROUP INC 0.15% of their portfolio ST LOUIS, MO 16,40016.4k $593.4k $593.4k 0.15% Added +9.4k +9,400
87 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 16,09616.1k $582.3k $582.3k 0.00% Added +428 +428
88 Penbrook Management LLC 0.20% of their portfolio NEW YORK, NY 15,80015.8k $536.2k $536.2k 0.20% Added +6.1k +6,075
89 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 15,57515.6k $563.5k $563.5k 0.04% Unchanged
90 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 15,47415.5k $559.9k $559.9k 0.00% Added +78 +78
91 Maridea Wealth Management LLC 0.14% of their portfolio BROOKLYN, NY 15,31015.3k $553.9k $553.9k 0.14% Added +282 +282
92 Certified Advisory Corp 0.06% of their portfolio ALTAMONTE SPRINGS, FL 15,24615.2k $551.6k $551.6k 0.06% Reduced -2.1k -2,076
93 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 14,84914.8k $537.2k $537.2k 0.00% Added +3.1k +3,091
94 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 14,84414.8k $537.1k $537.1k 0.02% New
95 Castle Rock Wealth Management, LLC 0.13% of their portfolio WALNUT CREEK, CA 14,73614.7k $548.6k $548.6k 0.13% New
96 Sound View Wealth Advisors Group, LLC 0.04% of their portfolio SAVANNAH, GA 14,72514.7k $532.7k $532.7k 0.04% Reduced -884 -884
97 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 14,28014.3k $516.7k $516.7k 0.03% Added +573 +573
98 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.17% of their portfolio HIGHLAND PARK, IL 14,04514.0k $508.1k $508.1k 0.17% Added +3.2k +3,175
99 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 14,03914.0k $507.9k $507.9k 0.00% New
100 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 14,01114.0k $506.9k $506.9k 0.02% Reduced -1.1k -1,054