Reaves Utility Income Fund (UTG) Insider III Buys $2.8K of Stock
Insider Rhame Joseph Burns III purchased 66 shares of Reaves Utility Income Fund, continuing his trend of buying shares in the fund.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rhame Joseph Burns III bought 66 shares of Reaves Utility Income Fund ($UTG) at an average price of $42.45, worth about $2,801.70, on May 31, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $UTG is down 4.8% after 1 week, down 3.6% after 1 month and down 15.6% to date (from the $41.57 close on May 29, 2026).
UTG
Reaves Utility Income Fund
Key Points
- On May 31, 2026, Rhame Joseph Burns III bought 66 shares of Reaves Utility Income Fund for about $2,801.70 at a price of $42.45 each.
- This purchase follows several other transactions where Burns increased his stake, including buying 67 shares on April 30, 2026, at $42.94 each.
- Reaves Utility Income Fund pays an annual dividend of $2.52, offering a yield of 7.01%, which may attract income-focused investors.
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Insider Buying and Selling at Reaves Utility Income Fund
On May 31, 2026, Rhame Joseph Burns III bought 66 shares of Reaves Utility Income Fund (UTG) on the NYSE American for about $2,801.70 at a price of $42.45 each. This purchase reflects Burns's ongoing confidence in the fund's performance.
Recent Insider Activity
This latest purchase adds to Burns's already significant stake in the fund. Just last month, on April 30, 2026, he acquired 67 shares at $42.94 each, totaling around $2,876.98. In previous months, he bought 71 shares on March 31, 2026, at $39.28, and 73 shares on January 31, 2026, at $38.20. Each of these transactions shows a consistent trend of increasing his investment in Reaves Utility Income Fund.
How Reaves Utility Income Fund Stock Has Traded
The stock is currently trading at $40.80, which is close to its 52-week high of $43.90. The fund's shares have shown resilience, particularly as they approach this high. Investors may be watching closely to see how Burns's continued buying activity influences the stock's performance going forward.
What Reaves Utility Income Fund Does
Reaves Utility Income Fund is an investment fund that focuses on companies in the utilities sector, primarily investing in dividend-paying stocks. With a market cap of about $3.31 billion, it aims to provide income through its investments in both equity and fixed income markets.
What to Watch at Reaves Utility Income Fund
Looking ahead, investors will be watching for more insider transactions and any updates on the fund's performance. Keep in mind that Burns's recent purchases are part of ongoing activity and may not represent current positions in future filings. The next earnings date for the fund is not specified, but observers will be keen to see how the fund continues to perform in the coming quarters.
Related Filing Alerts
Source: Rhame Joseph Burns III's Form 4 filing on $UTG (May 31, 2026). Find the original filing: UTG Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts