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

Consistent Buying by Rhame Joseph Burns III in Reaves Utility Income Fund

Insider Rhame Joseph Burns III added to his holdings in Reaves Utility Income Fund (NYSE American: UTG) on January 31, 2026. The transaction involved 73 shares bought at a price of $38.20 each, bringing the total value of the trade to $2,788.60. While modest in size compared to the fund's multi-billion-dollar market value, this purchase fits neatly into a regular pattern of small, monthly stock acquisitions by the insider.

A Closer Look at Recent Insider Trades

This January transaction is just one of many small, recurring purchases made by Rhame Joseph Burns III over recent quarters. Prior to this, he bought 74 shares on December 31, 2025, at $37.17 apiece for about $2,750.58, and 73 shares on November 30, 2025, at $38.53 each for roughly $2,812.69. The buying trend stretched into the spring of 2026 as well.

Continuing into the new year, Burns picked up 67 shares on February 28, 2026, at $41.80 per share for a total of $2,800.60. He followed that up by purchasing 71 shares on March 31, 2026, at $39.28 per share, valuing that batch at $2,788.88. Spring brought two more rounds of acquisitions, with 67 shares bought on April 30, 2026, at $42.94 per share for $2,876.98, and 66 shares acquired on May 31, 2026, at $42.45 per share for a total of $2,801.70.

UTG Stock Performance and Market Position

The fund's shares have moved within a 52-week price band ranging from a low of $35.75 up to a high of $43.90. With the spot price resting around $40.80, the fund trades comfortably between those yearly boundaries. Short-term and intermediate trend lines show the 50-day moving average sitting at $38.68, while the 200-day moving average tracks slightly higher at $39.63.

Dividend Profile for UTG Shareholders

Income-focused investors often look at this closed-end fund for its cash distributions. Reaves Utility Income Fund currently pays an annual dividend rate of $2.52 per share. That payout translates to a dividend yield of 7.01%, supported by a modest dividend payout ratio of 0.1723.

Understanding Reaves Utility Income Fund

Reaves Utility Income Fund operates as a closed-ended balanced mutual fund managed by W. H. Reaves & Company, Inc. It focuses on putting capital to work in public equity and fixed income markets across the United States, targeting companies within the utility sector. The fund relies on a mix of quantitative metrics and fundamental bottom-up research to build its portfolio across various market sizes.

What to Watch Next for UTG

Observers tracking insider activity at Reaves Utility Income Fund can monitor future Form 4 disclosures to see if these small monthly purchases continue through the remainder of the year. Because insider transactions are reported after the fact, market participants frequently check these filings to gauge long-term sentiment from individuals close to the fund's management and operations.