Vault-13

REAVES UTIL INCOME FD UTG

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

264 institutional holders +21 vs Q1 2026
13,811,80413.8m shares reported held*
$562.3mreported value*
33 new 108 added 51 reduced 13 sold out net bought ≈ $46.5m (+1.1m 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 ≈ $40.71.

Trends to Q2 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: 243Q2 26: 264264Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026264

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 127 bought or addedQ3 25: 68 cut or sold outQ4 25: 120 bought or addedQ4 25: 79 cut or sold outQ4 25Q1 26: 136 bought or addedQ1 26: 68 cut or sold outQ2 26: 141 bought or addedQ2 26: 64 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202410645
Q4 202410464
Q1 202510864
Q2 202512460
Q3 202512768
Q4 202512079
Q1 202613668
Q2 202614164

Biggest buyers

J.W. COLE ADVISORS, INC. New +323,107+323.1k
RAYMOND JAMES FINANCIAL INC Added +189,630+189.6k
Cambridge Investment Research Advisors, Inc. Added +110,691+110.7k
NewEdge Advisors, LLC Added +90,986+91.0k
MORGAN STANLEY Added +66,435+66.4k
LPL Financial LLC Added +58,210+58.2k
STEVENS CAPITAL PARTNERS New +56,038+56.0k
OSAIC HOLDINGS, INC. Added +38,926+38.9k
Red Door Wealth Management, LLC New +35,128+35.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +29,456+29.5k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -53,825-53.8k
Lido Advisors, LLC Reduced -52,285-52.3k
GUGGENHEIM CAPITAL LLC Reduced -50,398-50.4k
ROYAL BANK OF CANADA Reduced -43,793-43.8k
DEBUSSY CAPITAL MANAGEMENT LP Sold out -15,750-15.8k
WELLS FARGO & COMPANY/MN Reduced -13,478-13.5k
NEVILLE RODIE & SHAW INC Sold out -12,701-12.7k
Summit Financial, LLC Reduced -12,580-12.6k
Wealthcare Advisory Partners LLC Sold out -11,795-11.8k
CreativeOne Wealth, LLC Reduced -11,012-11.0k

Insider purchases and sales since 1 Apr 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
101Q4 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 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20241$29.4k0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20261$24.7k0——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-06-26 Rhame Joseph Burns III Officer of Investment Advisor · Reaves Utility Income Fund Bought 500 $41.20 $20.6k500 shares +4%
2026-06-24 Legg JoEllen Director Bought 580 $42.62 $24.7k580 shares +16%

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,307,4051.3m $53.2m $53.2m 0.00% Reduced -53.8k -53,825
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,205,0921.2m $49.1m $49.1m 0.00% Added +66.4k +66,435
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 877,625877.6k $35.7m $35.7m 0.01% Added +58.2k +58,210
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 694,103694.1k $28.3m $28.3m 0.00% Reduced -13.5k -13,478
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 548,908548.9k $22.4m $22.4m 0.01% Added +189.6k +189,630
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 532,580532.6k $21.7m $21.7m 0.00% Reduced -43.8k -43,793
7 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 437,513437.5k $17.8m $17.8m 0.02% Added +13.1k +13,111
8 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 380,508380.5k $15.5m $15.5m 0.02% Added +14.6k +14,647
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 325,955326.0k $13.3m $13.3m 0.00% Reduced -6.3k -6,306
10 J.W. COLE ADVISORS, INC. 0.23% of their portfolio TAMPA, FL 323,107323.1k $13.2m $13.2m 0.23% New
11 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 296,826296.8k $12.1m $12.1m 0.01% Reduced -1.6k -1,594
12 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 292,537292.5k $11.9m $11.9m 0.01% Added +38.9k +38,926
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 287,252287.3k $11.7m $11.7m 0.00% Added +24.9k +24,851
14 Gerald Baker Financial Group LLC 2.90% of their portfolio ARLINGTON, TX 250,323250.3k $10.2m $10.2m 2.90% Added +13.4k +13,368
15 OAK FAMILY ADVISORS, LLC 2.92% of their portfolio CHICAGO, IL 247,979248.0k $10.1m $10.1m 2.92% Added +17.6k +17,583
16 Magnus Financial Group LLC 0.69% of their portfolio NEW YORK, NY 238,730238.7k $9.7m $9.7m 0.69% Added +8.5k +8,491
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 219,714219.7k $8.9m $8.9m 0.01% Added +110.7k +110,691
18 Sterling Investment Advisors, Ltd. 1.29% of their portfolio BERWYN, PA 189,654189.7k $7.7m $7.7m 1.29% Reduced -2.8k -2,770
19 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 172,636172.6k $7.0m $7.0m 0.02% Added +91.0k +90,986
20 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 161,288161.3k $6.6m $6.6m 0.01% Reduced -4.0k -3,960
21 Wealthspire Advisors, LLC 0.04% of their portfolio NEW YORK, NY 159,511159.5k $6.5m $6.5m 0.04% Added +7.6k +7,642
22 JBR Co Financial Management Inc 2.12% of their portfolio ARDMORE, OK 142,777142.8k $5.8m $5.8m 2.12% Added +665 +665
23 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 140,096140.1k $5.7m $5.7m 0.03% Added +1.7k +1,721
24 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 123,766123.8k $5.0m $5.0m 0.01% Added +12.6k +12,641
25 HBW ADVISORY SERVICES LLC 0.41% of their portfolio SIMI VALLEY, CA 111,666111.7k $4.5m $4.5m 0.41% Added +757 +757
26 Mariner, LLC 0.00% of their portfolio Overland Park, KS 108,647108.6k $4.4m $4.4m 0.00% Reduced -2.6k -2,575
27 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 98,30498.3k $4.0m $4.0m 0.01% Reduced -52.3k -52,285
28 Tradition Wealth Management, LLC 0.24% of their portfolio EDINA, MN 94,78994.8k $3.9m $3.9m 0.24% Added +12.4k +12,448
29 INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio SAN DIEGO, CA 89,70889.7k $3.7m $3.7m 0.07% Added +3.0k +2,981
30 REAVES W H & CO INC 0.05% of their portfolio JERSEY CITY, NJ 85,74785.7k $3.5m $3.5m 0.05% Added +1.2k +1,185
31 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 82,30182.3k $3.4m $3.4m 0.02% Reduced -50.4k -50,398
32 WEALTH EFFECTS LLC 0.90% of their portfolio BOSTON, MA 81,98582.0k $3.3m $3.3m 0.90% Reduced -881 -881
33 Smith Asset Management Co., LLC 2.37% of their portfolio Chiefland, FL 73,87973.9k $3.0m $3.0m 2.37% Reduced -1.5k -1,501
34 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 71,43171.4k $2.9m $2.9m 0.03% Reduced -2.9k -2,927
35 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 70,61070.6k $2.9m $2.9m 0.01% Added +1.6k +1,650
36 NWF Advisory Services Inc. 0.27% of their portfolio Los Angeles, CA 69,22569.2k $2.8m $2.8m 0.27% Added +19.5k +19,502
37 Jefferies Financial Group Inc. 0.03% of their portfolio NEW YORK, NY 68,54668.5k $2.8m $2.8m 0.03% Added +5.7k +5,676
38 LongView Wealth Management 0.70% of their portfolio ATLANTA, GA 67,33867.3k $2.7m $2.7m 0.70% Reduced -42 -42
39 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 63,13663.1k $2.6m $2.6m 0.00% Added +6.0k +6,016
40 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 58,00058.0k $2.4m $2.4m 0.00% Added +5.0k +5,000
41 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 56,44256.4k $2.3m $2.3m 0.02% Added +4.6k +4,588
42 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 56,30356.3k $2.3m $2.3m 0.00% Added +1.6k +1,597
43 STEVENS CAPITAL PARTNERS 0.43% of their portfolio OMAHA, NE 56,03856.0k $2.3m $2.3m 0.43% New
44 CENTAURUS FINANCIAL, INC. 0.09% of their portfolio ANAHEIM, CA 54,57254.6k $2.2m $2.2m 0.09% Reduced -1.2k -1,210
45 LANARK FINANCIAL, INC. 0.15% of their portfolio BIRMINGHAM, AL 54,26454.3k $2.2m $2.2m 0.15% Added +3.2k +3,185
46 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 52,21852.2k $2.1m $2.1m 0.01% Reduced -3.8k -3,846
47 GRIFFIN ASSET MANAGEMENT, INC. 0.22% of their portfolio New York, NY 51,63551.6k $2.1m $2.1m 0.22% Added +5.2k +5,245
48 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 51,58651.6k $2.1m $2.1m 0.01% Added +1.5k +1,473
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 51,50351.5k $2.1m $2.1m 0.00% Reduced -6.6k -6,626
50 Samalin Investment Counsel, LLC 0.65% of their portfolio CHAPPAQUA, NY 49,88349.9k $2.0m $2.0m 0.65% Added +14.0k +14,008
51 Kercheville Advisors, LLC 0.61% of their portfolio San Antonio, TX 49,35349.4k $2.0m $2.0m 0.61% Added +1.7k +1,708
52 Strategic Family Wealth Counselors, L.L.C. 0.46% of their portfolio FAIRFIELD, NJ 48,17348.2k $2.0m $2.0m 0.46% Reduced -1.7k -1,722
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 47,69047.7k $1.9m $1.9m 0.00% Added +3.1k +3,097
54 INTEGRITY ALLIANCE, LLC. 0.06% of their portfolio Urbandale, IA 45,91445.9k $1.9m $1.9m 0.06% Added +2.4k +2,417
55 Ascentis Wealth Management, LLC 0.28% of their portfolio DALLAS, TX 45,89445.9k $1.9m $1.9m 0.28% Added +8.6k +8,583
56 Wright Wealth LLC 1.10% of their portfolio ATLANTA, GA 44,80544.8k $1.8m $1.8m 1.10% Unchanged
57 Aegis Wealth Management, Inc. 1.06% of their portfolio Guthrie Center, IA 40,43740.4k $1.6m $1.6m 1.06% Reduced -1.5k -1,521
58 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 40,26840.3k $1.6m $1.6m 0.00% Added +3.6k +3,610
59 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 37,88437.9k $1.5m $1.5m 0.02% Added +26.9k +26,873
60 Sigma Planning Corp 0.04% of their portfolio ANN ARBOR, MI 37,28637.3k $1.5m $1.5m 0.04% Added +191 +191
61 WEDBUSH SECURITIES INC 0.04% of their portfolio PASADENA, CA 35,81335.8k $1.5m $1.5m 0.04% Reduced -1.6k -1,612
62 AlphaCore Capital LLC 0.03% of their portfolio LA JOLLA, CA 35,70335.7k $1.5m $1.5m 0.03% Added +18.2k +18,180
63 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 35,58335.6k $1.4m $1.4m 0.00% Added +4.8k +4,767
64 Red Door Wealth Management, LLC 0.13% of their portfolio Memphis, TN 35,12835.1k $1.4m $1.4m 0.13% New
65 Beacon Capital Management, Inc. 0.08% of their portfolio DAYTON, OH 34,50034.5k $1.4m $1.4m 0.08% Unchanged
66 Sowell Financial Services LLC 0.04% of their portfolio NORTH LITTLE ROCK, AR 32,73832.7k $1.3m $1.3m 0.04% Reduced -6.4k -6,405
67 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 32,27532.3k $1.3m $1.3m 0.02% Reduced -180 -180
68 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 31,87031.9k $1.3m $1.3m 0.00% Added +64 +64
69 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 30,91130.9k $1.3m $1.3m 0.01% Added +1.1k +1,054
70 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,10330.1k $1.2m $1.2m 0.00% Reduced -869 -869
71 Merrion Investment Management Co, LLC 0.58% of their portfolio Cranford, NJ 30,00030.0k $1.2m $1.2m 0.58% Added +2.5k +2,500
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 29,45629.5k $1.2m $1.2m 0.00% New
73 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 29,01229.0k $1.2m $1.2m 0.02% New
74 Mission Hills Financial Advisory, LLC 0.52% of their portfolio SAN DIEGO, CA 28,84728.8k $1.2m $1.2m 0.52% Added +9.8k +9,818
75 MATRIX PRIVATE CAPITAL GROUP LLC 0.50% of their portfolio NEW YORK, NY 28,42928.4k $1.2m $1.2m 0.50% Added +4.5k +4,477
76 Carnegie Lake Advisors LLC 0.40% of their portfolio PRINCETON, NJ 26,29626.3k $1.1m $1.1m 0.40% Reduced -151 -151
77 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 26,28826.3k $1.1m $1.1m 0.00% Added +12.6k +12,632
78 PMG Family Office LLC 0.97% of their portfolio PLANO, TX 25,94825.9k $1.1m $1.1m 0.97% Added +236 +236
79 Westbourne Investment Advisors, Inc. 0.29% of their portfolio ANNAPOLIS, MD 25,60025.6k $1.0m $1.0m 0.29% Unchanged
80 XML Financial, LLC 0.08% of their portfolio BETHESDA, MD 25,35925.4k $1.0m $1.0m 0.08% Reduced -545 -545
81 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 24,84624.8k $1.0m $1.0m 0.01% Added +6.0k +6,045
82 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 24,54624.5k $999.5k $999.5k 0.00% Added +11.5k +11,539
83 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 23,99524.0k $977.1k $977.1k 0.00% Added +3.5k +3,500
84 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 23,28423.3k $948.1k $948.1k 0.02% Reduced -11.0k -11,012
85 Future Financial Wealth Managment LLC 0.57% of their portfolio CINCINNATI, OH 22,63522.6k $915.1k $915.1k 0.57% Reduced -1.6k -1,567
86 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 22,29422.3k $907.8k $907.8k 0.00% Added +902 +902
87 MONETARY MANAGEMENT GROUP INC 0.18% of their portfolio ST LOUIS, MO 22,00022.0k $895.8k $895.8k 0.18% Added +500 +500
88 Atlanta Consulting Group Advisors, LLC 0.14% of their portfolio ATLANTA, GA 20,93820.9k $852.6k $852.6k 0.14% Added +49 +49
89 Atlas Brown,Inc. 0.22% of their portfolio LOUISVILLE, KY 19,99820.0k $814.3k $814.3k 0.22% Reduced -463 -463
90 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 19,85619.9k $808.5k $808.5k 0.00% Added +2.9k +2,939
91 Welch Group, LLC 0.03% of their portfolio BIRMINGHAM, AL 19,72919.7k $803.4k $803.4k 0.03% Unchanged
92 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,39319.4k $789.7k $789.7k 0.01% Reduced -52 -52
93 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,38719.4k $789.4k $789.4k 0.00% Added +2.0k +1,970
94 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.20% of their portfolio HIGHLAND PARK, IL 19,26019.3k $784.3k $784.3k 0.20% Unchanged
95 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 18,55818.6k $755.7k $755.7k 0.00% Added +859 +859
96 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 18,01318.0k $733.5k $733.5k 0.00% Reduced -270 -270
97 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 17,94217.9k $730.6k $730.6k 0.02% Added +189 +189
98 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 17,87517.9k $727.9k $727.9k 0.03% Added +2.3k +2,300
99 Visionary Wealth Advisors 0.03% of their portfolio O'FALLON, IL 17,36617.4k $707.1k $707.1k 0.03% Added +4.0k +4,033
100 Compound Planning, Inc. 0.02% of their portfolio NEW YORK, NY 17,20217.2k $700.5k $700.5k 0.02% Reduced -259 -259