Reaves Utility Income Fund Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSEAM:UTG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
25 Mar 24	BuyUS$50,009	JoEllen Legg	Individual		1,890	US$26.46
23 Oct 23	SellUS$359,561	Thomas Grimes	Individual		15,222.74	US$23.62

Insider Trading Volume

Insider Buying: UTG insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of UTG?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	648	0.00082%
Individual Insiders	20,547	0.026%
Institutions	7,666,201	9.7%
General Public	71,350,082	90.3%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.

Top Shareholders

Top 25 shareholders own 7.02% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
0.92%	Morgan Stanley, Investment Banking and Brokerage Investments	726,748	US$19.1m	2.52%	no data
0.91%	Merrill Lynch & Co. Inc., Banking Investments	716,207	US$18.8m	-0.47%	0.01%
0.6%	Wells Fargo & Company, Securities and Brokerage Investments	473,294	US$12.4m	3.6%	no data
0.38%	Royal Bank of Canada, Banking & Securities Investments	300,678	US$7.9m	1.67%	no data
0.37%	LPL Financial Corporation, Asset Management Arm	293,535	US$7.7m	23.6%	no data
0.36%	Raymond James Financial Inc., Asset Management Arm	280,809	US$7.4m	-1.1%	0.01%
0.33%	Columbia Management Investment Advisers, LLC	258,393	US$6.8m	4.19%	no data
0.31%	Jonathan Roberts Advisory Group, Inc.	242,659	US$6.4m	1,050%	0.36%
0.27%	Wilcoxson Wealth Management	213,631	US$5.6m	0.22%	0.01%
0.27%	Arbor Point Advisors, LLC	211,469	US$5.6m	14.4%	0.13%
0.26%	Private Advisor Group, LLC	202,164	US$5.3m	2.25%	0.04%
0.25%	Guggenheim Partners, LLC	193,946	US$5.1m	16.7%	0.07%
0.21%	HBW Advisory Services LLC	167,701	US$4.4m	0%	0.75%
0.21%	Stifel Asset Management Corp.	164,892	US$4.3m	2.35%	0.01%
0.19%	UBS Asset Management AG	151,292	US$4.0m	-7.44%	no data
0.16%	Sterling Investment Advisors, Ltd.	123,044	US$3.2m	0%	0.98%
0.15%	JBR Co. Financial Management Inc.	117,458	US$3.1m	0%	2.6%
0.14%	Lido Advisors, LLC	108,488	US$2.8m	0%	0.03%
0.13%	Magnus Financial Group LLC	106,161	US$2.8m	22%	0.36%
0.12%	W. H. Reaves & Co., Inc.	91,553	US$2.4m	-3.3%	0.09%
0.12%	Raymond James Financial Services Advisors, Inc.	90,965	US$2.4m	-19%	no data
0.11%	Cambridge Investment Research Advisors, Inc.	88,000	US$2.3m	3.39%	0.01%
0.097%	Cetera Financial Holdings, Inc., Asset Management Arm	76,552	US$2.0m	-19.1%	0.01%
0.095%	LongView Wealth Management, Inc.	75,333	US$2.0m	-1.14%	0.81%
0.093%	PFG Investments, LLC	73,305	US$1.9m	0%	0.12%