Reaves Utility Income Fund (UTG) Insider III Buys $2.9K of Stock
Insider Rhame Joseph Burns III continues to increase his stake in Reaves Utility Income Fund with a recent purchase.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rhame Joseph Burns III bought 67 shares of Reaves Utility Income Fund ($UTG) at an average price of $42.94, worth about $2,876.98, on April 30, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $UTG is up 0.6% after 1 week, down 2.7% after 1 month and down 16.2% to date (from the $41.85 close on Apr 30, 2026).
UTG
Reaves Utility Income Fund
Key Points
- On April 30, 2026, Rhame Joseph Burns III bought 67 shares of Reaves Utility Income Fund at $42.94 each, valued at $2,877.
- The fund's stock is currently trading around $40.80, near its 52-week high of $43.90.
- Rhame Joseph Burns III has now acquired a total of 73 shares this year, showing consistent confidence in the fund.
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Insider Buying and Selling at Reaves Utility Income Fund
On April 30, 2026, insider Rhame Joseph Burns III bought 67 shares of Reaves Utility Income Fund (UTG) on the NYSE American at a price of $42.94 per share. This transaction is valued at about $2,877. Burns III has been actively increasing his stake in the fund this year.
Recent Insider Activity
This purchase adds to Burns III's recent activity, as he previously bought 71 shares on March 31, 2026, at $39.28 each, and 67 shares on February 28, 2026, at $41.80 each. This trend shows his ongoing commitment to the fund, which he has been steadily accumulating shares in since late 2025.
How Reaves Utility Income Fund Stock Has Traded
Reaves Utility Income Fund's stock is currently trading at $40.80, which is close to its 52-week high of $43.90. The stock has shown resilience, especially as it trades above its 200-day moving average of $39.63. The recent purchases by Burns III may reflect his belief in the fund's growth potential amidst this performance.
What Reaves Utility Income Fund Does
Reaves Utility Income Fund focuses on investing in utility companies and dividend-paying stocks. The fund aims to provide investors with income through dividends and capital appreciation. With a market capitalization of about $3.31 billion, it plays a significant role in the asset management industry.
What's Next for Reaves Utility Income Fund
Investors will be watching for further insider trades and any upcoming earnings reports. Rhame Joseph Burns III's continued purchases highlight his confidence in the fund's performance. Note that the recent transactions reflect past actions and may not represent current holdings.
Related Filing Alerts
Source: Rhame Joseph Burns III's Form 4 filing on $UTG (Apr 30, 2026). Find the original filing: UTG Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts