Vault-13

REAVES UTIL INCOME FD UTG

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

243 institutional holders +1 vs Q4 2025
12,673,89312.7m shares reported held*
$500.9mreported value*
26 new 110 added 48 reduced 20 sold out net bought ≈ $14.0m (+34.5k 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 ≈ $39.52.

Trends to Q1 2026

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: 223Q3 25: 241Q4 25: 242Q1 26: 243243Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025241
Q4 2025242
Q1 2026243

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 82 bought or addedQ2 24: 57 cut or sold outQ3 24: 106 bought or addedQ3 24: 45 cut or sold outQ3 24Q4 24: 104 bought or addedQ4 24: 64 cut or sold outQ1 25: 108 bought or addedQ1 25: 64 cut or sold outQ1 25Q2 25: 124 bought or addedQ2 25: 60 cut or sold outQ3 25: 127 bought or addedQ3 25: 68 cut or sold outQ3 25Q4 25: 120 bought or addedQ4 25: 79 cut or sold outQ1 26: 136 bought or addedQ1 26: 68 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20248257
Q3 202410645
Q4 202410464
Q1 202510864
Q2 202512460
Q3 202512768
Q4 202512079
Q1 202613668

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +290,771+290.8k
MORGAN STANLEY Added +68,963+69.0k
UBS Group AG Added +41,260+41.3k
ROYAL BANK OF CANADA Added +41,008+41.0k
LPL Financial LLC Added +39,970+40.0k
Jefferies Financial Group Inc. Added +31,423+31.4k
RAYMOND JAMES FINANCIAL INC Added +30,736+30.7k
COHEN & STEERS, INC. Added +30,000+30.0k
WELLS FARGO & COMPANY/MN Added +28,289+28.3k
ENVESTNET ASSET MANAGEMENT INC Added +28,233+28.2k

Biggest sellers

J.W. COLE ADVISORS, INC. Sold out -358,292-358.3k
Cornerstone Advisors, LLC Sold out -294,426-294.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -105,774-105.8k
Corient Private Wealth LP Reduced -44,830-44.8k
AMERIPRISE FINANCIAL INC Reduced -36,674-36.7k
World Investment Advisors Reduced -30,586-30.6k
Kovack Advisors, Inc. Sold out -24,665-24.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -21,755-21.8k
Sowell Financial Services LLC Reduced -15,583-15.6k
NewEdge Advisors, LLC Reduced -10,153-10.2k

Insider purchases and sales in Q1 2026

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
101Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20240—0——
Q3 20241$9.8k0——
Q4 20241$29.4k0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,361,2301.4m $53.5m $53.5m 0.00% Added +290.8k +290,771
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,138,6571.1m $44.7m $44.7m 0.00% Added +69.0k +68,963
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 819,415819.4k $32.2m $32.2m 0.01% Added +40.0k +39,970
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 707,581707.6k $27.8m $27.8m 0.01% Added +28.3k +28,289
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 576,373576.4k $22.6m $22.6m 0.00% Added +41.0k +41,008
6 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 424,402424.4k $16.7m $16.7m 0.02% Reduced -105.8k -105,774
7 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 365,861365.9k $14.4m $14.4m 0.03% Added +22.7k +22,695
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 359,278359.3k $14.1m $14.1m 0.00% Added +30.7k +30,736
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 332,261332.3k $13.0m $13.0m 0.00% Reduced -36.7k -36,674
10 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 298,420298.4k $11.7m $11.7m 0.01% Added +14.8k +14,814
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 262,401262.4k $10.3m $10.3m 0.00% Added +41.3k +41,260
12 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 253,611253.6k $10.0m $10.0m 0.01% Reduced -1.7k -1,697
13 Gerald Baker Financial Group LLC 2.95% of their portfolio ARLINGTON, TX 236,955237.0k $9.3m $9.3m 2.95% First filing
14 OAK FAMILY ADVISORS, LLC 2.79% of their portfolio CHICAGO, IL 230,396230.4k $9.0m $9.0m 2.79% Added +6.2k +6,174
15 Magnus Financial Group LLC 0.74% of their portfolio NEW YORK, NY 230,239230.2k $9.0m $9.0m 0.74% Reduced -1.5k -1,489
16 Sterling Investment Advisors, Ltd. 1.37% of their portfolio BERWYN, PA 192,424192.4k $7.6m $7.6m 1.37% Added +3.1k +3,096
17 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 165,248165.2k $6.5m $6.5m 0.01% Reduced -3.3k -3,322
18 Wealthspire Advisors, LLC 0.05% of their portfolio NEW YORK, NY 151,869151.9k $6.0m $6.0m 0.05% Added +7.6k +7,559
19 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 150,589150.6k $5.9m $5.9m 0.02% Added +554 +554
20 JBR Co Financial Management Inc 2.18% of their portfolio ARDMORE, OK 142,112142.1k $5.2m $5.2m 2.18% Unchanged
21 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 138,375138.4k $5.4m $5.4m 0.03% Reduced -772 -772
22 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 132,699132.7k $5.2m $5.2m 0.04% Reduced -835 -835
23 Mariner, LLC 0.01% of their portfolio Overland Park, KS 111,222111.2k $4.4m $4.4m 0.01% Reduced -7.8k -7,762
24 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 111,125111.1k $4.4m $4.4m 0.01% Added +3.9k +3,883
25 HBW ADVISORY SERVICES LLC 0.46% of their portfolio SIMI VALLEY, CA 110,909110.9k $4.4m $4.4m 0.46% Added +1.9k +1,893
26 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 109,023109.0k $4.3m $4.3m 0.01% Added +13.2k +13,161
27 INDEPENDENT FINANCIAL GROUP, LLC 0.08% of their portfolio SAN DIEGO, CA 86,72786.7k $3.4m $3.4m 0.08% Reduced -1.0k -1,013
28 REAVES W H & CO INC 0.06% of their portfolio JERSEY CITY, NJ 84,56284.6k $3.3m $3.3m 0.06% Added +1.2k +1,236
29 WEALTH EFFECTS LLC 1.15% of their portfolio BOSTON, MA 82,86682.9k $3.3m $3.3m 1.15% Added +5.8k +5,756
30 Tradition Wealth Management, LLC 0.23% of their portfolio EDINA, MN 82,34182.3k $3.2m $3.2m 0.23% Reduced -4 -4
31 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 81,65081.7k $3.2m $3.2m 0.01% Reduced -10.2k -10,153
32 Smith Asset Management Co., LLC 2.54% of their portfolio Chiefland, FL 75,38075.4k $3.0m $3.0m 2.54% Reduced -1.6k -1,627
33 OPPENHEIMER & CO INC 0.04% of their portfolio NEW YORK, NY 74,35874.4k $2.9m $2.9m 0.04% Added +9.9k +9,911
34 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 68,96069.0k $2.7m $2.7m 0.01% Added +23.4k +23,390
35 LongView Wealth Management 0.71% of their portfolio ATLANTA, GA 67,38067.4k $2.8m $2.8m 0.71% Added +65 +65
36 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 62,87062.9k $2.5m $2.5m 0.03% Added +31.4k +31,423
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 58,12958.1k $2.3m $2.3m 0.00% Added +679 +679
38 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 57,12057.1k $2.2m $2.2m 0.00% Added +4.2k +4,178
39 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 56,06456.1k $2.2m $2.2m 0.01% Added +5.2k +5,247
40 CENTAURUS FINANCIAL, INC. 0.10% of their portfolio ANAHEIM, CA 55,78255.8k $2.2m $2.2m 0.10% Reduced -835 -835
41 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 54,70654.7k $2.1m $2.1m 0.00% Added +1.3k +1,266
42 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 53,00053.0k $2.1m $2.1m 0.00% Added +30.0k +30,000
43 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 51,85451.9k $2.0m $2.0m 0.02% Added +2.2k +2,189
44 LANARK FINANCIAL, INC. 0.15% of their portfolio BIRMINGHAM, AL 51,07951.1k $2.0m $2.0m 0.15% Reduced -1.1k -1,058
45 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 50,11350.1k $2.0m $2.0m 0.01% Added +15.5k +15,545
46 Strategic Family Wealth Counselors, L.L.C. 0.51% of their portfolio FAIRFIELD, NJ 49,89549.9k $2.0m $2.0m 0.51% Added +204 +204
47 NWF Advisory Services Inc. 0.22% of their portfolio Los Angeles, CA 49,72349.7k $2.0m $2.0m 0.22% Added +2.9k +2,914
48 Kercheville Advisors, LLC 0.60% of their portfolio San Antonio, TX 47,64547.6k $1.9m $1.9m 0.60% Reduced -345 -345
49 GRIFFIN ASSET MANAGEMENT, INC. 0.21% of their portfolio New York, NY 46,39046.4k $1.8m $1.8m 0.21% Reduced -3.4k -3,419
50 Wright Wealth LLC 1.18% of their portfolio ATLANTA, GA 44,80544.8k $1.8m $1.8m 1.18% Added +2.2k +2,240
51 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 44,59344.6k $1.8m $1.8m 0.00% Reduced -21.8k -21,755
52 INTEGRITY ALLIANCE, LLC. 0.07% of their portfolio Urbandale, IA 43,49743.5k $1.7m $1.7m 0.07% Added +5.0k +4,964
53 Aegis Wealth Management, Inc. 1.30% of their portfolio Guthrie Center, IA 41,95842.0k $1.6m $1.6m 1.30% Reduced -308 -308
54 Sowell Financial Services LLC 0.06% of their portfolio NORTH LITTLE ROCK, AR 39,14339.1k $1.5m $1.5m 0.06% Reduced -15.6k -15,583
55 WEDBUSH SECURITIES INC 0.04% of their portfolio PASADENA, CA 37,42537.4k $1.5m $1.5m 0.04% Added +31 +31
56 Ascentis Wealth Management, LLC 0.29% of their portfolio DALLAS, TX 37,31137.3k $1.5m $1.5m 0.29% Added +3.3k +3,297
57 Sigma Planning Corp 0.04% of their portfolio ANN ARBOR, MI 37,09537.1k $1.5m $1.5m 0.04% Added +147 +147
58 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 36,65836.7k $1.4m $1.4m 0.00% Added +28.2k +28,233
59 Samalin Investment Counsel, LLC 0.50% of their portfolio CHAPPAQUA, NY 35,87535.9k $1.4m $1.4m 0.50% Added +19.8k +19,781
60 Beacon Capital Management, Inc. 0.08% of their portfolio DAYTON, OH 34,50034.5k $1.4m $1.4m 0.08% Unchanged
61 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 34,29634.3k $1.3m $1.3m 0.03% Added +231 +231
62 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 32,45532.5k $1.3m $1.3m 0.02% Reduced -30.6k -30,586
63 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 31,80631.8k $1.2m $1.2m 0.00% Added +13.2k +13,216
64 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,97231.0k $1.2m $1.2m 0.00% Added +6.2k +6,242
65 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 30,81630.8k $1.2m $1.2m 0.00% Reduced -38 -38
66 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 29,85729.9k $1.2m $1.2m 0.01% Reduced -300 -300
67 Merrion Investment Management Co, LLC 0.58% of their portfolio Cranford, NJ 27,50027.5k $1.1m $1.1m 0.58% Added +2.5k +2,500
68 Carnegie Lake Advisors LLC 0.41% of their portfolio PRINCETON, NJ 26,44726.4k $1.0m $1.0m 0.41% Reduced -2.3k -2,325
69 XML Financial, LLC 0.08% of their portfolio BETHESDA, MD 25,90425.9k $1.0m $1.0m 0.08% Reduced -1.5k -1,541
70 PMG Family Office LLC 1.13% of their portfolio PLANO, TX 25,71225.7k $1.0m $1.0m 1.13% Added +245 +245
71 Westbourne Investment Advisors, Inc. 0.29% of their portfolio ANNAPOLIS, MD 25,60025.6k $1.0m $1.0m 0.29% Added +1.9k +1,900
72 Future Financial Wealth Managment LLC 0.65% of their portfolio CINCINNATI, OH 24,20224.2k $1.0m $1.0m 0.65% Reduced -940 -940
73 MATRIX PRIVATE CAPITAL GROUP LLC 0.45% of their portfolio NEW YORK, NY 23,95224.0k $940.9k $940.9k 0.45% Added +3.9k +3,945
74 CWM, LLC 0.00% of their portfolio OMAHA, NE 22,08122.1k $867.3k $867.3k 0.00% Reduced -1.7k -1,708
75 MONETARY MANAGEMENT GROUP INC 0.20% of their portfolio ST LOUIS, MO 21,50021.5k $844.5k $844.5k 0.20% Added +1.0k +1,000
76 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 21,39221.4k $840.3k $840.3k 0.00% Added +1.3k +1,331
77 Atlanta Consulting Group Advisors, LLC 0.18% of their portfolio ATLANTA, GA 20,88920.9k $820.5k $820.5k 0.18% Added +51 +51
78 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 20,67920.7k $812.3k $812.3k 0.01% Added +421 +421
79 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 20,49520.5k $805.0k $805.0k 0.00% Added +19.5k +19,545
80 Atlas Brown,Inc. 0.24% of their portfolio LOUISVILLE, KY 20,46120.5k $803.7k $803.7k 0.24% Added +840 +840
81 Welch Group, LLC 0.03% of their portfolio BIRMINGHAM, AL 19,72919.7k $775.0k $775.0k 0.03% Unchanged
82 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,44519.4k $763.8k $763.8k 0.01% Added +41 +41
83 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.22% of their portfolio HIGHLAND PARK, IL 19,26019.3k $756.5k $756.5k 0.22% Added +3.9k +3,875
84 Mission Hills Financial Advisory, LLC 0.38% of their portfolio SAN DIEGO, CA 19,02919.0k $747.5k $747.5k 0.38% Added +2.1k +2,143
85 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 18,80118.8k $738.5k $738.5k 0.01% Reduced -377 -377
86 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 18,28318.3k $718.1k $718.1k 0.00% Added +32 +32
87 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 18,22918.2k $666.8k $666.8k 0.00% Added +3.3k +3,336
88 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 17,75317.8k $697.4k $697.4k 0.03% Reduced -37 -37
89 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 17,69917.7k $695.3k $695.3k 0.00% Added +2.1k +2,057
90 AlphaCore Capital LLC 0.02% of their portfolio LA JOLLA, CA 17,52317.5k $688.3k $688.3k 0.02% Added +193 +193
91 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 17,52317.5k $688.3k $688.3k 0.01% New
92 Compound Planning, Inc. 0.02% of their portfolio NEW YORK, NY 17,46117.5k $685.9k $685.9k 0.02% Added +118 +118
93 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 17,41717.4k $684.2k $684.2k 0.00% Added +1.7k +1,659
94 Castle Rock Wealth Management, LLC 0.15% of their portfolio WALNUT CREEK, CA 17,37617.4k $692.1k $692.1k 0.15% Reduced -825 -825
95 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 17,22617.2k $676.6k $676.6k 0.00% Added +9.0k +8,962
96 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 16,91716.9k $664.5k $664.5k 0.00% Reduced -192 -192
97 HBK Sorce Advisory LLC 0.01% of their portfolio ERIE, PA 16,86816.9k $716.6k $716.6k 0.01% Added +2.8k +2,801
98 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 16,77716.8k $659.0k $659.0k 0.03% Reduced -487 -487
99 Sunpointe, LLC 0.22% of their portfolio ST. LOUIS, MO 16,75516.8k $658.1k $658.1k 0.22% Reduced -1.1k -1,072
100 Certified Advisory Corp 0.06% of their portfolio ALTAMONTE SPRINGS, FL 16,00716.0k $628.7k $628.7k 0.06% Reduced -139 -139