Reaves Utility Income Fund
US ˙ NYSEAM

SecurityUTG / Reaves Utility Income Fund
InstitutionGraybill Bartz & Assoc Ltd
Latest Disclosed Ownership11,342 shares
Latest Disclosed Value $ 445,514
Graybill Bartz & Assoc Ltd reports 0.46% increase in ownership of UTG / Reaves Utility Income Fund

On May 13, 2026 - Graybill Bartz & Assoc Ltd filed a 13F-HR form disclosing ownership of 11,342 shares of Reaves Utility Income Fund (US:UTG) valued at $445,514 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 11,290 shares of Reaves Utility Income Fund. This represents a change in shares of 0.46% during the quarter. The current value of the position is $473,528 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,342 52 0.46 446 8.01 0.1353
2026-02-13 2025-12-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,290 -266 -2.30 413 -9.85 0.1219
2025-11-24 2025-09-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,556 -525 -4.35 458 4.58 0.1407
2025-07-31 2025-06-30 13F REAVES UTILITY INCOME FUND CEF 756158101 12,081 1,339 12.47 437 25.21 0.1427
2025-05-02 2025-03-31 13F REAVES UTILITY INCOME FUND CEF 756158101 10,742 -654 -5.74 350 -6.43 0.1199
2024-10-21 2024-09-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,396 0 0.00 374 19.94 0.1386
2024-07-22 2024-06-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,396 -510 -4.28 311 -2.81 0.1264
2024-04-15 2024-03-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,906 595 5.26 321 5.96 0.1352
2024-02-08 2023-12-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,311 160 1.43 302 10.22 0.1339
2023-11-03 2023-09-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,151 -111 -0.99 275 -11.04 0.1341
2023-07-21 2023-06-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,262 -442 -3.78 309 -7.23 0.1466
2023-04-27 2023-03-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,704 495 4.42 332 5.06 0.1692
2023-01-23 2022-12-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,209 73 0.66 317 4.29 0.1716
2022-10-28 2022-09-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,136 -44 -0.39 303 -12.68 0.1800
2022-07-29 2022-06-30 13F REAVES UTILITY INCOME FUND CEF 756158101 11,180 -335 -2.91 347 -12.81 0.1921
2022-05-12 2022-03-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,515 34 0.30 398 -1.24 0.1941
2022-01-28 2021-12-31 13F REAVES UTILITY INCOME FUND CEF 756158101 11,481 2,273 24.69 403 33.44 0.1827
2021-10-22 2021-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT CEF 756158101 9,208 759 8.98 302 4.14 0.1487
2021-07-27 2021-06-30 13F Reaves Utility Income Fund COM 756158101 8,449 581 7.38 290 9.85 0.1430
2021-04-19 2021-03-31 13F Reaves Utility Income Fund COM 756158101 7,868 95 1.22 264 3.53 0.1398
2021-01-20 2020-12-31 13F Reaves Utility Income Fund COM 756158101 7,773 -25 -0.32 255 4.51 0.1438
2020-10-19 2020-09-30 13F Reaves Utility Income Fund COM 756158101 7,798 -35 -0.45 244 3.39 0.1589
2020-07-20 2020-06-30 13F Reaves Utility Income Fund COM 756158101 7,833 -491 -5.90 236 -1.26 0.1737
2020-04-30 2020-03-31 13F Reaves Utility Income Fund COM 756158101 8,324 1,546 22.81 239 -4.78 0.2113
2020-01-24 2019-12-31 13F Reaves Utility Income Fund COM 756158101 6,778 -390 -5.44 251 -4.56 0.1564
2019-10-24 2019-09-30 13F Reaves Utility Income Fund COM 756158101 7,168 -1,325 -15.60 263 -13.49 0.1780
2019-07-25 2019-06-30 13F Reaves Utility Income Fund COM 756158101 8,493 -567 -6.26 304 -0.33 0.2085
2019-04-24 2019-03-31 13F Reaves Utility Income Fund COM 756158101 9,060 755 9.09 305 25.00 0.2131
2019-02-06 2018-12-31 13F Reaves Utility Income Fund COM 756158101 8,305 -255 -2.98 244 -6.87 0.2034
2018-10-12 2018-09-30 13F Reaves Utility Income Fund COM 756158101 8,560 -205 -2.34 262 3.56 0.1899
2018-07-23 2018-06-30 13F Reaves Utility Income Fund COM 756158101 8,765 -485 -5.24 253 -3.07 0.1941
2018-04-18 2018-03-31 13F Reaves Utility Income Fund COM 756158101 9,250 -90,388 -90.72 261 -91.53 0.1986
2018-01-16 2017-12-31 13F Reaves Utility Income Fund COM 756158101 99,638 6,875 7.41 3,083 4.83 2.2220
2017-10-18 2017-09-30 13F Reaves Utility Income Fund COM 756158101 92,763 -1,060 -1.13 2,941 -8.72 2.1750
2017-08-04 2017-06-30 13F Reaves Utility Income Fund COM 756158101 93,823 123 0.13 3,222 6.16 2.5465
2017-04-17 2017-03-31 13F Reaves Utility Income Fund COM 756158101 93,700 -1,415 -1.49 3,035 3.90 2.4067
2017-01-30 2016-12-31 13F Reaves Utility Income Fund COM 756158101 95,115 970 1.03 2,921 1.53 2.4917
2016-10-18 2016-09-30 13F Reaves Utility Income Fund COM 756158101 94,145 -2,220 -2.30 2,877 -8.05 2.6736
2016-07-19 2016-06-30 13F Reaves Utility Income Fund COM 756158101 96,365 -2,120 -2.15 3,129 5.96 2.8941
2016-04-05 2016-03-31 13F Reaves Utility Income Fund COM 756158101 98,485 135 0.14 2,953 15.62 2.6664
2016-02-01 2015-12-31 13F Reaves Utility Income Fund COM 756158101 98,350 98,350 2,554 2.2062
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.