The Reaves Utility Income Fund is a publicly listed closed-end fund with an emphasis on paying a high distribution to shareholders though dividends and capital gains generated by the Fund’s investments. The Fund invests in infrastructure stocks, predominantly utilities. Reaves Asset Management is the Investment Advisor to the Fund.
Company profile
Ticker
UTG
Exchange
Website
CEO
Ronald James Sorenson
Employees
Incorporated
Location
Fiscal year end
Former names
UTILITY INCOME TRUST
SEC CIK
Corporate docs
IRS number
200223928
UTG stock data
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
12 Mar 24
DEF 14A
Definitive proxy
16 Feb 24
8-K
Entry into a Material Definitive Agreement
6 Feb 24
424B5
Prospectus supplement for primary offering
6 Feb 24
N-CEN
Annual report (registered investment company)
10 Jan 24
N-CSR
Certified annual shareholder report (management investment company)
5 Jan 24
N-PX
Annual report of proxy voting record
8 Aug 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
10 Jul 23
DEF 14A
Definitive proxy
15 Feb 23
N-CEN
Annual report (registered investment company)
12 Jan 23
Latest ownership filings
4
JoEllen Legg
27 Mar 24
NPORT-P
Reaves Utility Income Fund (Jan 2024 report)
27 Mar 24
NPORT-P
Reaves Utility Income Fund (Oct 2023 report)
28 Dec 23
5
Joseph Burns Rhame III
15 Dec 23
4
Joseph Burns Rhame III
15 Dec 23
4
THOMAS MICHAEL GRIMES
24 Oct 23
NPORT-P
Reaves Utility Income Fund (Jul 2023 report)
27 Sep 23
3
THOMAS MICHAEL GRIMES
10 Aug 23
NPORT-P
Reaves Utility Income Fund (Apr 2023 report)
28 Jun 23
3
Initial statement of insider ownership
9 May 23
Funds
Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
---|---|---|---|---|---|---|---|
Reaves Utility Income Fund | – | -5.51 | -5.72 | 0.41 | 2.42 bn | 57 | Oct 2023 |
Institutional ownership, Q3 2023
8.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 141 |
Opened positions | 21 |
Closed positions | 22 |
Increased positions | 46 |
Reduced positions | 38 |
13F shares | Current |
---|---|
Total value | 155.19 bn |
Total shares | 6.77 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BAC Bank Of America | 723.32 k | $17.83 bn |
MS Morgan Stanley | 708.91 k | $17.47 bn |
WFC Wells Fargo & Co. | 456.84 k | $11.26 bn |
Advisor | 369.19 k | $9.10 bn |
RY Royal Bank Of Canada | 354.84 k | $8.75 bn |
Raymond James & Associates | 274.62 k | $6.77 bn |
AMP Ameriprise Financial | 247.99 k | $6.11 bn |
LPL Financial | 237.57 k | $5.86 bn |
Private Advisor | 197.71 k | $4.87 bn |
Commonwealth Equity Services | 196.28 k | $4.84 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 24 | JoEllen Legg | Reaves Utility Income Fund | Buy | Acquire P | No | No | 26.46 | 1,890 | 50.01 k | 1,890 |
31 Oct 23 | Joseph Burns Rhame III | Reaves Utility Income Fund | Other | Acquire J | No | No | 24.56 | 29.175 | 716.54 | 9,478.704 |
31 Oct 23 | Joseph Burns Rhame III | Reaves Utility Income Fund | Other | Acquire J | No | No | 24.56 | 45.504 | 1.12 k | 9,449.529 |
23 Oct 23 | Thomas Michael Grimes | Reaves Utility Income Fund | Sell | Dispose S | No | No | 23.62 | 15,222.741 | 359.56 k | 0 |
30 Sep 23 | Joseph Burns Rhame III | Reaves Utility Income Fund | Other | Acquire J | No | No | 24.65 | 27.805 | 685.39 | 9,404.025 |
30 Sep 23 | Joseph Burns Rhame III | Reaves Utility Income Fund | Other | Acquire J | No | No | 24.65 | 43.682 | 1.08 k | 9,376.22 |
29 Sep 23 | Thomas Michael Grimes | Reaves Utility Income Fund | Other | Acquire J | No | No | 24.65 | 115.707 | 2.85 k | 15,222.741 |
31 Aug 23 | Joseph Burns Rhame III | Reaves Utility Income Fund | Other | Acquire J | No | No | 26.35 | 25.783 | 679.38 | 9,332.538 |
31 Aug 23 | Joseph Burns Rhame III | Reaves Utility Income Fund | Other | Acquire J | No | No | 26.35 | 40.506 | 1.07 k | 9,306.755 |
31 Aug 23 | Thomas Michael Grimes | Reaves Utility Income Fund | Other | Acquire J | No | No | 26.35 | 107.034 | 2.82 k | 15,107.03 |