RHAME JOSEPH BURNS III purchased 266.2% of their position (2.10K shares) of REAVES UTILITY INCOME FUND on the open market

Open‑market purchase worth $76.3K — a major conviction buy. The strongest form of insider conviction signal.

P · 1 purchase

RHAME JOSEPH BURNS III

Filed: 8/5/2019ACC: 0001717520-19-000001

InsiderRHAME JOSEPH BURNS IIICIK 1717520

→

IssuerREAVES UTILITY INCOME FUNDCIK 1263994

Other

Since Oct 2017

+2.19K

Net shares

Net buyer

$79.1K

Total acquired

Open market trades

1B · 0S

Total transactions

2.19K acquired

Non-Derivative Transactions23

Reaves Utility Income Fund

Direct

J · J

+3.64

Price / share

$30.79

Trade value

$111.98

% of position

0.5%

10/31/2017

700.00→703.64

Reaves Utility Income Fund

Direct

J · J

+3.65

Price / share

$30.85

Trade value

$112.57

% of position

0.5%

11/29/2017

703.64→707.29

Reaves Utility Income Fund

Direct

J · J

+3.65

Price / share

$30.97

Trade value

$113.16

% of position

0.5%

12/27/2017

707.29→710.94

Reaves Utility Income Fund

Direct

J · J

+3.72

Price / share

$30.55

Trade value

$113.77

% of position

0.5%

1/22/2018

710.94→714.66

Reaves Utility Income Fund

Direct

J · J

+3.99

Price / share

$28.69

Trade value

$114.47

% of position

0.6%

2/26/2018

714.66→718.65

Reaves Utility Income Fund

Direct

J · J

+4.14

Price / share

$27.76

Trade value

$114.98

% of position

0.6%

3/27/2018

718.65→722.80

Reaves Utility Income Fund

Direct

J · J

+4.35

Price / share

$28.26

Trade value

$122.87

% of position

0.6%

4/26/2018

722.80→727.14

Reaves Utility Income Fund

Direct

J · J

+4.39

Price / share

$28.18

Trade value

$123.63

% of position

0.6%

5/29/2018

727.14→731.53

Reaves Utility Income Fund

Direct

J · J

+4.31

Price / share

$28.87

Trade value

$124.34

% of position

0.6%

6/27/2018

731.53→735.84

Reaves Utility Income Fund

Direct

J · J

+4.15

Price / share

$30.11

Trade value

$124.96

% of position

0.6%

7/27/2018

735.84→739.99

Reaves Utility Income Fund

Direct

J · J

+4.07

Price / share

$30.92

Trade value

$125.84

% of position

0.6%

8/29/2018

739.99→744.06

Reaves Utility Income Fund

Direct

J · J

+4.16

Price / share

$30.38

Trade value

$126.38

% of position

0.6%

9/26/2018

744.06→748.22

Reaves Utility Income Fund

Direct

J · J

+4.22

Price / share

$30.11

Trade value

$127.06

% of position

0.6%

10/29/2018

748.22→752.44

Reaves Utility Income Fund

Direct

J · J

+4.16

Price / share

$30.79

Trade value

$128.09

% of position

0.6%

11/28/2018

752.44→756.60

Reaves Utility Income Fund

Direct

J · J

+4.51

Price / share

$28.54

Trade value

$128.72

% of position

0.6%

12/27/2018

756.60→761.11

Reaves Utility Income Fund

Direct

J · J

+4.30

Price / share

$30.09

Trade value

$129.39

% of position

0.6%

1/14/2019

761.11→765.41

Reaves Utility Income Fund

Direct

J · J

+4.11

Price / share

$31.64

Trade value

$130.14

% of position

0.5%

2/26/2019

765.41→769.52

Reaves Utility Income Fund

Direct

J · J

+3.90

Price / share

$33.51

Trade value

$130.82

% of position

0.5%

3/27/2019

769.52→773.42

Reaves Utility Income Fund

Direct

J · J

+3.83

Price / share

$34.33

Trade value

$131.48

% of position

0.5%

4/26/2019

773.42→777.25

Reaves Utility Income Fund

Direct

J · J

+3.88

Price / share

$34.04

Trade value

$132.08

% of position

0.5%

5/29/2019

777.25→781.13

Reaves Utility Income Fund

Direct

J · J

+3.72

Price / share

$35.73

Trade value

$132.81

% of position

0.5%

6/28/2019

781.13→784.85

Reaves Utility Income Fund

Direct

J · J

+3.90

Price / share

$36.20

Trade value

$141.25

% of position

0.5%

7/29/2019

784.85→788.75

Reaves Utility Income Fund

Direct

P · Purchase

+2.10K

Price / share

$36.34

Trade value

$76.31K

% of position

266.2%

8/2/2019

788.75→2.89K

Total

Net shares

+2.19K

Net value

$79.05K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Reaves Utility Income Fund Direct	10/31/2017	J · J	+3.64	$30.79	$111.98	0.5%	700.00	703.64
Reaves Utility Income Fund Direct	11/29/2017	J · J	+3.65	$30.85	$112.57	0.5%	703.64	707.29
Reaves Utility Income Fund Direct	12/27/2017	J · J	+3.65	$30.97	$113.16	0.5%	707.29	710.94
Reaves Utility Income Fund Direct	1/22/2018	J · J	+3.72	$30.55	$113.77	0.5%	710.94	714.66
Reaves Utility Income Fund Direct	2/26/2018	J · J	+3.99	$28.69	$114.47	0.6%	714.66	718.65
Reaves Utility Income Fund Direct	3/27/2018	J · J	+4.14	$27.76	$114.98	0.6%	718.65	722.80
Reaves Utility Income Fund Direct	4/26/2018	J · J	+4.35	$28.26	$122.87	0.6%	722.80	727.14
Reaves Utility Income Fund Direct	5/29/2018	J · J	+4.39	$28.18	$123.63	0.6%	727.14	731.53
Reaves Utility Income Fund Direct	6/27/2018	J · J	+4.31	$28.87	$124.34	0.6%	731.53	735.84
Reaves Utility Income Fund Direct	7/27/2018	J · J	+4.15	$30.11	$124.96	0.6%	735.84	739.99
Reaves Utility Income Fund Direct	8/29/2018	J · J	+4.07	$30.92	$125.84	0.6%	739.99	744.06
Reaves Utility Income Fund Direct	9/26/2018	J · J	+4.16	$30.38	$126.38	0.6%	744.06	748.22
Reaves Utility Income Fund Direct	10/29/2018	J · J	+4.22	$30.11	$127.06	0.6%	748.22	752.44
Reaves Utility Income Fund Direct	11/28/2018	J · J	+4.16	$30.79	$128.09	0.6%	752.44	756.60
Reaves Utility Income Fund Direct	12/27/2018	J · J	+4.51	$28.54	$128.72	0.6%	756.60	761.11
Reaves Utility Income Fund Direct	1/14/2019	J · J	+4.30	$30.09	$129.39	0.6%	761.11	765.41
Reaves Utility Income Fund Direct	2/26/2019	J · J	+4.11	$31.64	$130.14	0.5%	765.41	769.52
Reaves Utility Income Fund Direct	3/27/2019	J · J	+3.90	$33.51	$130.82	0.5%	769.52	773.42
Reaves Utility Income Fund Direct	4/26/2019	J · J	+3.83	$34.33	$131.48	0.5%	773.42	777.25
Reaves Utility Income Fund Direct	5/29/2019	J · J	+3.88	$34.04	$132.08	0.5%	777.25	781.13
Reaves Utility Income Fund Direct	6/28/2019	J · J	+3.72	$35.73	$132.81	0.5%	781.13	784.85
Reaves Utility Income Fund Direct	7/29/2019	J · J	+3.90	$36.20	$141.25	0.5%	784.85	788.75
Reaves Utility Income Fund Direct	8/2/2019	P · Purchase	+2.10K	$36.34	$76.31K	266.2%	788.75	2.89K
Total			+2.19K		$79.05K

Derivative Transactions0

No derivative transactions reported