Reaves Utility Income Fund (UTG) Insider III Buys $2.8K of Stock

Insider Buying and Selling at Reaves Utility Income Fund

Insider Rhame Joseph Burns III picked up 74 shares of Reaves Utility Income Fund (NYSE American: UTG) on December 31, 2025. The transaction carried a price of $37.17 per share, coming to a total value of $2,750.58. This filing shows another step in a sequence of regular monthly stock acquisitions made by the insider over the past several quarters.

A Long Trend of Regular Insider Purchases

This December buy is part of a broader pattern of consistent share accumulation by Rhame Joseph Burns III. Earlier in the sequence, on November 30, 2025, he bought 73 shares at $38.53 each for a total of $2,812.69. The buying continued into the new year with a purchase of 67 shares at $41.80 on February 28, 2026, worth $2,800.60. Shortly after, on March 31, 2026, he added 71 shares at $39.28 apiece, totaling $2,788.88.

The pattern pressed forward through the spring months as well. On April 30, 2026, the insider picked up 67 shares at $42.94 each for a total value of $2,876.98. Most recently, on May 31, 2026, he acquired 66 shares at $42.45 per share, coming to $2,801.70. These sequential transactions highlight a steady commitment to growing his personal stake in the fund month after month.

Fund Stock Performance and Market Position

Reaves Utility Income Fund shares change hands around a spot price of $40.80. The fund moves within a 52-week range bounded by a low of $35.75 and a peak of $43.90. Its 50-day moving average rests near $38.68, while the 200-day moving average sits at $39.63. The fund carries a market capitalization of approximately $3.31 billion alongside a price-to-earnings ratio of 2.61.

Dividend Payments Offer Steady Income

Income-focused investors often look to this fund for regular cash distributions. Reaves Utility Income Fund provides an annual dividend rate of $2.52 per share, which works out to a dividend yield of 7.01%. The fund maintains a dividend payout ratio of 0.1723, showing how much of its earnings get returned to shareholders as cash distributions.

About Reaves Utility Income Fund

Reaves Utility Income Fund operates as a closed-end balanced mutual fund based in Jersey City, New Jersey. The fund focuses its capital on public equities and fixed-income securities issued by companies in the utility sector across the United States. By blending quantitative screening with bottom-up fundamental stock picking, the fund builds a portfolio designed for steady dividend returns across various market capitalizations.

Looking Ahead at Fund Filings

Market participants tracking Reaves Utility Income Fund will keep an eye out for future Form 4 reports to see if these monthly purchases continue through the rest of the year. Because insider transactions are reported after the fact, these filings simply provide a window into past management decisions rather than acting as direct signals for market timing.