WILHELM ROWLAND OTTO JR sold 47.6% of their position (273.00 shares) of REAVES UTILITY INCOME FUND on the open market

Open‑market sale worth $9.8K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

WILHELM ROWLAND OTTO JR

Filed: 7/8/2019ACC: 0001715297-19-000001

InsiderWILHELM ROWLAND OTTO JRCIK 1715297

→

IssuerREAVES UTILITY INCOME FUNDCIK 1263994

Other

Since Jan 2018

-217.98

Net shares

Net seller

$9.8K

Total sold

Open market trades

0B · 1S

Total transactions

55.02 acquired · 273.00 disposed

Non-Derivative Transactions20

Reaves Utility Income Fund

Direct

J · J

+1.40

Price / share

$30.69

Trade value

$42.93

% of position

0.3%

1/5/2018

518.37→519.76

Reaves Utility Income Fund

Direct

J · J

+2.72

Price / share

$30.51

Trade value

$82.95

% of position

0.5%

1/19/2018

519.76→522.48

Reaves Utility Income Fund

Direct

J · J

+2.96

Price / share

$28.23

Trade value

$83.60

% of position

0.6%

3/6/2018

522.48→525.44

Reaves Utility Income Fund

Direct

J · J

+3.01

Price / share

$27.07

Trade value

$81.37

% of position

0.6%

4/5/2018

525.44→528.45

Reaves Utility Income Fund

Direct

J · J

+3.18

Price / share

$28.22

Trade value

$89.83

% of position

0.6%

5/3/2018

528.45→531.63

Reaves Utility Income Fund

Direct

J · J

+3.18

Price / share

$28.40

Trade value

$90.38

% of position

0.6%

6/5/2018

531.63→534.82

Reaves Utility Income Fund

Direct

J · J

+3.13

Price / share

$29.08

Trade value

$90.93

% of position

0.6%

7/5/2018

534.82→537.94

Reaves Utility Income Fund

Direct

J · J

+3.02

Price / share

$30.33

Trade value

$91.44

% of position

0.6%

8/6/2018

537.94→540.96

Reaves Utility Income Fund

Direct

J · J

+2.96

Price / share

$31.06

Trade value

$91.96

% of position

0.5%

9/6/2018

540.96→543.92

Reaves Utility Income Fund

Direct

J · J

+2.99

Price / share

$30.93

Trade value

$92.48

% of position

0.5%

10/4/2018

543.92→546.91

Reaves Utility Income Fund

Direct

J · J

+3.05

Price / share

$30.45

Trade value

$92.96

% of position

0.6%

11/6/2018

546.91→549.96

Reaves Utility Income Fund

Direct

J · J

+2.97

Price / share

$32.52

Trade value

$96.47

% of position

0.5%

12/6/2018

549.96→552.93

Reaves Utility Income Fund

Direct

J · J

+3.19

Price / share

$29.30

Trade value

$93.58

% of position

0.6%

1/7/2019

552.93→556.12

Reaves Utility Income Fund

Direct

J · J

+3.07

Price / share

$30.63

Trade value

$93.99

% of position

0.6%

1/23/2019

556.12→559.19

Reaves Utility Income Fund

Direct

J · J

+2.94

Price / share

$32.37

Trade value

$95.06

% of position

0.5%

3/6/2019

559.19→562.13

Reaves Utility Income Fund

Direct

J · J

+2.83

Price / share

$33.76

Trade value

$95.57

% of position

0.5%

4/26/2019

562.13→564.96

Reaves Utility Income Fund

Direct

J · J

+2.79

Price / share

$34.47

Trade value

$96.03

% of position

0.5%

5/3/2019

564.96→567.75

Reaves Utility Income Fund

Direct

J · J

+2.88

Price / share

$33.53

Trade value

$96.53

% of position

0.5%

6/6/2019

567.75→570.62

Reaves Utility Income Fund

Direct

J · J

+2.76

Price / share

$35.11

Trade value

$97.01

% of position

0.5%

7/5/2019

570.62→573.39

Reaves Utility Income Fund

Direct

S · Sale

−273.00

Price / share

$35.94

Trade value

$9.81K

% of position

47.6%

7/5/2019

573.39→300.39

Total

Net shares

−217.98

Net value

-$8.12K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Reaves Utility Income Fund Direct	1/5/2018	J · J	+1.40	$30.69	$42.93	0.3%	518.37	519.76
Reaves Utility Income Fund Direct	1/19/2018	J · J	+2.72	$30.51	$82.95	0.5%	519.76	522.48
Reaves Utility Income Fund Direct	3/6/2018	J · J	+2.96	$28.23	$83.60	0.6%	522.48	525.44
Reaves Utility Income Fund Direct	4/5/2018	J · J	+3.01	$27.07	$81.37	0.6%	525.44	528.45
Reaves Utility Income Fund Direct	5/3/2018	J · J	+3.18	$28.22	$89.83	0.6%	528.45	531.63
Reaves Utility Income Fund Direct	6/5/2018	J · J	+3.18	$28.40	$90.38	0.6%	531.63	534.82
Reaves Utility Income Fund Direct	7/5/2018	J · J	+3.13	$29.08	$90.93	0.6%	534.82	537.94
Reaves Utility Income Fund Direct	8/6/2018	J · J	+3.02	$30.33	$91.44	0.6%	537.94	540.96
Reaves Utility Income Fund Direct	9/6/2018	J · J	+2.96	$31.06	$91.96	0.5%	540.96	543.92
Reaves Utility Income Fund Direct	10/4/2018	J · J	+2.99	$30.93	$92.48	0.5%	543.92	546.91
Reaves Utility Income Fund Direct	11/6/2018	J · J	+3.05	$30.45	$92.96	0.6%	546.91	549.96
Reaves Utility Income Fund Direct	12/6/2018	J · J	+2.97	$32.52	$96.47	0.5%	549.96	552.93
Reaves Utility Income Fund Direct	1/7/2019	J · J	+3.19	$29.30	$93.58	0.6%	552.93	556.12
Reaves Utility Income Fund Direct	1/23/2019	J · J	+3.07	$30.63	$93.99	0.6%	556.12	559.19
Reaves Utility Income Fund Direct	3/6/2019	J · J	+2.94	$32.37	$95.06	0.5%	559.19	562.13
Reaves Utility Income Fund Direct	4/26/2019	J · J	+2.83	$33.76	$95.57	0.5%	562.13	564.96
Reaves Utility Income Fund Direct	5/3/2019	J · J	+2.79	$34.47	$96.03	0.5%	564.96	567.75
Reaves Utility Income Fund Direct	6/6/2019	J · J	+2.88	$33.53	$96.53	0.5%	567.75	570.62
Reaves Utility Income Fund Direct	7/5/2019	J · J	+2.76	$35.11	$97.01	0.5%	570.62	573.39
Reaves Utility Income Fund Direct	7/5/2019	S · Sale	−273.00	$35.94	$9.81K	47.6%	573.39	300.39
Total			−217.98		-$8.12K

Derivative Transactions0

No derivative transactions reported