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SEC EDGARJUN 251 min read

Legg JoEllen purchased $25K of UTG

Legg JoEllen purchased 580 shares of REAVES UTILITY INCOME FUND (UTG) at $42.62 on 2026-06-24.

Original reporting
SEC EDGAR · Legg JoEllen
Published Jun 25, 2026, 8:28 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Jun 25, 2026, 8:31 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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AlphAI market briefInsider activity
Primary signal
MARKET
Neutral
AI market analysis
Mentioned
$UTG
Relevance
4/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

Low
01

Why it matters

Legg JoEllen (director) reported an open-market purchase of 580 shares at $42.62 on 2026-06-24; the filing was made 2026-06-25.

02

Market read

This is a routine insider buy disclosure with limited incremental information for trading decisions absent other catalysts.

03

What to watch

No 10b5-1 plan and no stated rationale; Form 4 timing alone rarely changes near-term pricing for a fund without accompanying performance, leverage, or distribution news.

Relevance 4/10Novelty 2/10Timing: filed 2026-06-25 after-hours; reflects 2026-06-24 purchase

Background

The filing is an SEC Form 4 insider transaction for REAVES UTILITY INCOME FUND (UTG).

Market effects

Sector

None—this is a routine insider transaction in a closed-end utility income fund.

Regional

None.

Global

None.

Counterpoint

What could challenge this read

A director’s open-market buy can be interpreted as confidence, but the disclosed size is small relative to typical fund/market flows and lacks a fundamental trigger.

Key entities

  • issuer
    REAVES UTILITY INCOME FUND

    Closed-end utility income fund; subject of the Form 4 insider transaction.

  • insider
    Legg JoEllen

    Director who purchased 580 shares in an open-market transaction.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

UTG insider trading history →

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