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 ≈ $40.71.
Trends to Q2 2026
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 |
| Q1 2024 | 168 |
| Q2 2024 | 173 |
| Q3 2024 | 201 |
| Q4 2024 | 204 |
| Q1 2025 | 204 |
| Q2 2025 | 223 |
| Q3 2025 | 241 |
| Q4 2025 | 242 |
| Q1 2026 | 243 |
| Q2 2026 | 264 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 106 | 45 |
| Q4 2024 | 104 | 64 |
| Q1 2025 | 108 | 64 |
| Q2 2025 | 124 | 60 |
| Q3 2025 | 127 | 68 |
| Q4 2025 | 120 | 79 |
| Q1 2026 | 136 | 68 |
| Q2 2026 | 141 | 64 |
Biggest buyers
| J.W. COLE ADVISORS, INC. | New | +323.1k |
| RAYMOND JAMES FINANCIAL INC | Added | +189.6k |
| Cambridge Investment Research Advisors, Inc. | Added | +110.7k |
| NewEdge Advisors, LLC | Added | +91.0k |
| MORGAN STANLEY | Added | +66.4k |
| LPL Financial LLC | Added | +58.2k |
| STEVENS CAPITAL PARTNERS | New | +56.0k |
| OSAIC HOLDINGS, INC. | Added | +38.9k |
| Red Door Wealth Management, LLC | New | +35.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +29.5k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -53.8k |
| Lido Advisors, LLC | Reduced | -52.3k |
| GUGGENHEIM CAPITAL LLC | Reduced | -50.4k |
| ROYAL BANK OF CANADA | Reduced | -43.8k |
| DEBUSSY CAPITAL MANAGEMENT LP | Sold out | -15.8k |
| WELLS FARGO & COMPANY/MN | Reduced | -13.5k |
| NEVILLE RODIE & SHAW INC | Sold out | -12.7k |
| Summit Financial, LLC | Reduced | -12.6k |
| Wealthcare Advisory Partners LLC | Sold out | -11.8k |
| CreativeOne Wealth, LLC | Reduced | -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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $29.4k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $24.7k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-26 | Rhame Joseph Burns III Officer of Investment Advisor · Reaves Utility Income Fund | Bought | $20.6k500 shares |
| 2026-06-24 | Legg JoEllen Director | Bought | $24.7k580 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $53.2m | Reduced -53.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $49.1m | Added +66.4k |
| LPL Financial LLC 0.01% of their portfolio | 877.6k $35.7m | Added +58.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 694.1k $28.3m | Reduced -13.5k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 548.9k $22.4m | Added +189.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 532.6k $21.7m | Reduced -43.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 437.5k $17.8m | Added +13.1k |
| CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio | 380.5k $15.5m | Added +14.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 326.0k $13.3m | Reduced -6.3k |
| J.W. COLE ADVISORS, INC. 0.23% of their portfolio | 323.1k $13.2m | New |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 296.8k $12.1m | Reduced -1.6k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 292.5k $11.9m | Added +38.9k |
| UBS Group AG 0.00% of their portfolio | 287.3k $11.7m | Added +24.9k |
| Gerald Baker Financial Group LLC 2.90% of their portfolio | 250.3k $10.2m | Added +13.4k |
| OAK FAMILY ADVISORS, LLC 2.92% of their portfolio | 248.0k $10.1m | Added +17.6k |
| Magnus Financial Group LLC 0.69% of their portfolio | 238.7k $9.7m | Added +8.5k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 219.7k $8.9m | Added +110.7k |
| Sterling Investment Advisors, Ltd. 1.29% of their portfolio | 189.7k $7.7m | Reduced -2.8k |
| NewEdge Advisors, LLC 0.02% of their portfolio | 172.6k $7.0m | Added +91.0k |
| Cetera Investment Advisers 0.01% of their portfolio | 161.3k $6.6m | Reduced -4.0k |
| Wealthspire Advisors, LLC 0.04% of their portfolio | 159.5k $6.5m | Added +7.6k |
| JBR Co Financial Management Inc 2.12% of their portfolio | 142.8k $5.8m | Added +665 |
| Private Advisor Group, LLC 0.03% of their portfolio | 140.1k $5.7m | Added +1.7k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 123.8k $5.0m | Added +12.6k |
| HBW ADVISORY SERVICES LLC 0.41% of their portfolio | 111.7k $4.5m | Added +757 |
| Mariner, LLC 0.00% of their portfolio | 108.6k $4.4m | Reduced -2.6k |
| Lido Advisors, LLC 0.01% of their portfolio | 98.3k $4.0m | Reduced -52.3k |
| Tradition Wealth Management, LLC 0.24% of their portfolio | 94.8k $3.9m | Added +12.4k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio | 89.7k $3.7m | Added +3.0k |
| REAVES W H & CO INC 0.05% of their portfolio | 85.7k $3.5m | Added +1.2k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 82.3k $3.4m | Reduced -50.4k |
| WEALTH EFFECTS LLC 0.90% of their portfolio | 82.0k $3.3m | Reduced -881 |
| Smith Asset Management Co., LLC 2.37% of their portfolio | 73.9k $3.0m | Reduced -1.5k |
| OPPENHEIMER & CO INC 0.03% of their portfolio | 71.4k $2.9m | Reduced -2.9k |
| &PARTNERS 0.01% of their portfolio | 70.6k $2.9m | Added +1.6k |
| NWF Advisory Services Inc. 0.27% of their portfolio | 69.2k $2.8m | Added +19.5k |
| Jefferies Financial Group Inc. 0.03% of their portfolio | 68.5k $2.8m | Added +5.7k |
| LongView Wealth Management 0.70% of their portfolio | 67.3k $2.7m | Reduced -42 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 63.1k $2.6m | Added +6.0k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 58.0k $2.4m | Added +5.0k |
| Stratos Wealth Partners, LTD. 0.02% of their portfolio | 56.4k $2.3m | Added +4.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 56.3k $2.3m | Added +1.6k |
| STEVENS CAPITAL PARTNERS 0.43% of their portfolio | 56.0k $2.3m | New |
| CENTAURUS FINANCIAL, INC. 0.09% of their portfolio | 54.6k $2.2m | Reduced -1.2k |
| LANARK FINANCIAL, INC. 0.15% of their portfolio | 54.3k $2.2m | Added +3.2k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 52.2k $2.1m | Reduced -3.8k |
| GRIFFIN ASSET MANAGEMENT, INC. 0.22% of their portfolio | 51.6k $2.1m | Added +5.2k |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 51.6k $2.1m | Added +1.5k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 51.5k $2.1m | Reduced -6.6k |
| Samalin Investment Counsel, LLC 0.65% of their portfolio | 49.9k $2.0m | Added +14.0k |
| Kercheville Advisors, LLC 0.61% of their portfolio | 49.4k $2.0m | Added +1.7k |
| Strategic Family Wealth Counselors, L.L.C. 0.46% of their portfolio | 48.2k $2.0m | Reduced -1.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 47.7k $1.9m | Added +3.1k |
| INTEGRITY ALLIANCE, LLC. 0.06% of their portfolio | 45.9k $1.9m | Added +2.4k |
| Ascentis Wealth Management, LLC 0.28% of their portfolio | 45.9k $1.9m | Added +8.6k |
| Wright Wealth LLC 1.10% of their portfolio | 44.8k $1.8m | Unchanged |
| Aegis Wealth Management, Inc. 1.06% of their portfolio | 40.4k $1.6m | Reduced -1.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 40.3k $1.6m | Added +3.6k |
| XTX Topco Ltd 0.02% of their portfolio | 37.9k $1.5m | Added +26.9k |
| Sigma Planning Corp 0.04% of their portfolio | 37.3k $1.5m | Added +191 |
| WEDBUSH SECURITIES INC 0.04% of their portfolio | 35.8k $1.5m | Reduced -1.6k |
| AlphaCore Capital LLC 0.03% of their portfolio | 35.7k $1.5m | Added +18.2k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 35.6k $1.4m | Added +4.8k |
| Red Door Wealth Management, LLC 0.13% of their portfolio | 35.1k $1.4m | New |
| Beacon Capital Management, Inc. 0.08% of their portfolio | 34.5k $1.4m | Unchanged |
| Sowell Financial Services LLC 0.04% of their portfolio | 32.7k $1.3m | Reduced -6.4k |
| World Investment Advisors 0.02% of their portfolio | 32.3k $1.3m | Reduced -180 |
| HighTower Advisors, LLC 0.00% of their portfolio | 31.9k $1.3m | Added +64 |
| STEPHENS INC /AR/ 0.01% of their portfolio | 30.9k $1.3m | Added +1.1k |
| Creative Planning 0.00% of their portfolio | 30.1k $1.2m | Reduced -869 |
| Merrion Investment Management Co, LLC 0.58% of their portfolio | 30.0k $1.2m | Added +2.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 29.5k $1.2m | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 29.0k $1.2m | New |
| Mission Hills Financial Advisory, LLC 0.52% of their portfolio | 28.8k $1.2m | Added +9.8k |
| MATRIX PRIVATE CAPITAL GROUP LLC 0.50% of their portfolio | 28.4k $1.2m | Added +4.5k |
| Carnegie Lake Advisors LLC 0.40% of their portfolio | 26.3k $1.1m | Reduced -151 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.3k $1.1m | Added +12.6k |
| PMG Family Office LLC 0.97% of their portfolio | 25.9k $1.1m | Added +236 |
| Westbourne Investment Advisors, Inc. 0.29% of their portfolio | 25.6k $1.0m | Unchanged |
| XML Financial, LLC 0.08% of their portfolio | 25.4k $1.0m | Reduced -545 |
| Prospera Financial Services Inc 0.01% of their portfolio | 24.8k $1.0m | Added +6.0k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 24.5k $999.5k | Added +11.5k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 24.0k $977.1k | Added +3.5k |
| CreativeOne Wealth, LLC 0.02% of their portfolio | 23.3k $948.1k | Reduced -11.0k |
| Future Financial Wealth Managment LLC 0.57% of their portfolio | 22.6k $915.1k | Reduced -1.6k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 22.3k $907.8k | Added +902 |
| MONETARY MANAGEMENT GROUP INC 0.18% of their portfolio | 22.0k $895.8k | Added +500 |
| Atlanta Consulting Group Advisors, LLC 0.14% of their portfolio | 20.9k $852.6k | Added +49 |
| Atlas Brown,Inc. 0.22% of their portfolio | 20.0k $814.3k | Reduced -463 |
| MAI Capital Management 0.00% of their portfolio | 19.9k $808.5k | Added +2.9k |
| Welch Group, LLC 0.03% of their portfolio | 19.7k $803.4k | Unchanged |
| Advisory Services Network, LLC 0.01% of their portfolio | 19.4k $789.7k | Reduced -52 |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 19.4k $789.4k | Added +2.0k |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.20% of their portfolio | 19.3k $784.3k | Unchanged |
| Focus Partners Wealth 0.00% of their portfolio | 18.6k $755.7k | Added +859 |
| DAVENPORT & Co LLC 0.00% of their portfolio | 18.0k $733.5k | Reduced -270 |
| Belpointe Asset Management LLC 0.02% of their portfolio | 17.9k $730.6k | Added +189 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio | 17.9k $727.9k | Added +2.3k |
| Visionary Wealth Advisors 0.03% of their portfolio | 17.4k $707.1k | Added +4.0k |
| Compound Planning, Inc. 0.02% of their portfolio | 17.2k $700.5k | Reduced -259 |