SORENSON RONALD JAMES purchased 3.8% of their position (1K shares) of REAVES UTILITY INCOME FUND on the open market

Open‑market purchase worth $29.5K — a small addition. The strongest form of insider conviction signal.

P · 1 purchase

SORENSON RONALD JAMES

Filed: 1/2/2019ACC: 0001377877-19-000001

InsiderSORENSON RONALD JAMESCIK 1377877

→

IssuerREAVES UTILITY INCOME FUNDCIK 1263994

Other

Since Oct 2017

+2.99K

Net shares

Net buyer

$88.6K

Total acquired

Open market trades

1B · 0S

Total transactions

2.99K acquired

Non-Derivative Transactions15

Reaves Utility Income Fund

Direct

J · J

+127.61

Price / share

$30.82

Trade value

$3.93K

% of position

0.5%

10/31/2017

24.58K→24.71K

Reaves Utility Income Fund

Direct

J · J

+128.57

Price / share

$30.75

Trade value

$3.95K

% of position

0.5%

11/30/2017

24.71K→24.84K

Reaves Utility Income Fund

Direct

J · J

+128.48

Price / share

$30.93

Trade value

$3.97K

% of position

0.5%

12/29/2017

24.84K→24.97K

Reaves Utility Income Fund

Direct

J · J

+130.24

Price / share

$30.67

Trade value

$3.99K

% of position

0.5%

1/16/2018

24.97K→25.10K

Reaves Utility Income Fund

Direct

J · J

+139.81

Price / share

$28.88

Trade value

$4.04K

% of position

0.6%

2/28/2018

25.10K→25.24K

Reaves Utility Income Fund

Direct

J · J

+145.50

Price / share

$27.75

Trade value

$4.04K

% of position

0.6%

3/29/2018

25.24K→25.38K

Reaves Utility Income Fund

Direct

J · J

+152.57

Price / share

$28.28

Trade value

$4.31K

% of position

0.6%

4/30/2018

25.38K→25.53K

Reaves Utility Income Fund

Direct

J · J

+153.87

Price / share

$28.21

Trade value

$4.34K

% of position

0.6%

5/31/2018

25.53K→25.69K

Reaves Utility Income Fund

Direct

J · J

+151.26

Price / share

$28.87

Trade value

$4.37K

% of position

0.6%

6/29/2018

25.69K→25.84K

Reaves Utility Income Fund

Direct

J · J

+146.42

Price / share

$30.00

Trade value

$4.39K

% of position

0.6%

7/31/2018

25.84K→25.99K

Reaves Utility Income Fund

Direct

J · J

+143.89

Price / share

$30.70

Trade value

$4.42K

% of position

0.6%

8/31/2018

25.99K→26.13K

Reaves Utility Income Fund

Direct

J · J

+145.54

Price / share

$30.52

Trade value

$4.44K

% of position

0.6%

9/28/2018

26.13K→26.27K

Reaves Utility Income Fund

Direct

J · J

+148.45

Price / share

$30.09

Trade value

$4.47K

% of position

0.6%

10/31/2018

26.27K→26.42K

Reaves Utility Income Fund

Direct

J · J

+145.89

Price / share

$30.79

Trade value

$4.49K

% of position

0.6%

11/30/2018

26.42K→26.57K

Reaves Utility Income Fund

Direct

P · Purchase

+1K

Price / share

$29.46

Trade value

$29.46K

% of position

3.8%

12/31/2018

26.57K→27.57K

Total

Net shares

+2.99K

Net value

$88.63K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Reaves Utility Income Fund Direct	10/31/2017	J · J	+127.61	$30.82	$3.93K	0.5%	24.58K	24.71K
Reaves Utility Income Fund Direct	11/30/2017	J · J	+128.57	$30.75	$3.95K	0.5%	24.71K	24.84K
Reaves Utility Income Fund Direct	12/29/2017	J · J	+128.48	$30.93	$3.97K	0.5%	24.84K	24.97K
Reaves Utility Income Fund Direct	1/16/2018	J · J	+130.24	$30.67	$3.99K	0.5%	24.97K	25.10K
Reaves Utility Income Fund Direct	2/28/2018	J · J	+139.81	$28.88	$4.04K	0.6%	25.10K	25.24K
Reaves Utility Income Fund Direct	3/29/2018	J · J	+145.50	$27.75	$4.04K	0.6%	25.24K	25.38K
Reaves Utility Income Fund Direct	4/30/2018	J · J	+152.57	$28.28	$4.31K	0.6%	25.38K	25.53K
Reaves Utility Income Fund Direct	5/31/2018	J · J	+153.87	$28.21	$4.34K	0.6%	25.53K	25.69K
Reaves Utility Income Fund Direct	6/29/2018	J · J	+151.26	$28.87	$4.37K	0.6%	25.69K	25.84K
Reaves Utility Income Fund Direct	7/31/2018	J · J	+146.42	$30.00	$4.39K	0.6%	25.84K	25.99K
Reaves Utility Income Fund Direct	8/31/2018	J · J	+143.89	$30.70	$4.42K	0.6%	25.99K	26.13K
Reaves Utility Income Fund Direct	9/28/2018	J · J	+145.54	$30.52	$4.44K	0.6%	26.13K	26.27K
Reaves Utility Income Fund Direct	10/31/2018	J · J	+148.45	$30.09	$4.47K	0.6%	26.27K	26.42K
Reaves Utility Income Fund Direct	11/30/2018	J · J	+145.89	$30.79	$4.49K	0.6%	26.42K	26.57K
Reaves Utility Income Fund Direct	12/31/2018	P · Purchase	+1K	$29.46	$29.46K	3.8%	26.57K	27.57K
Total			+2.99K		$88.63K

Derivative Transactions0

No derivative transactions reported