Monitor for any future 13D conversion or additional stake accumulation, though the 13G certifies passive intent. The filing date (Nov 9) is one day before ITG's full Q3 2026 earnings release on Nov 10, so the market may view this as a vote of confidence ahead of that report.
How the stock moved after the report
NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 9 $5.38entry
- T+1 · 13h ago −0.74%α −0.38% · $5.34
- T+5 · in 5d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
W. H. Reaves & Co., Inc. disclosed a 6.49% passive stake in ITG, Inc. via Schedule 13G, holding 3,145,000 Class A common shares as of September 30, 2026. This is a new filing from this investment adviser, not an amendment, and certifies no intent to influence control. The stake comes shortly after ITG reported strong preliminary Q3 2026 results (revenue +49% YoY, EBITDA +64% YoY), suggesting the position was built ahead of or during that period.
Key Financial Metrics
Key Facts
- W. H. Reaves & Co., Inc. filed a new Schedule 13G disclosing beneficial ownership of 3,145,000 shares of ITG Class A Common Stock
- Stake represents 6.49% of shares outstanding based on 48,444,533 shares outstanding per the issuer's 8-K
- The filing certifies passive intent under Rule 13d-1(b) with no purpose of changing or influencing control
- Securities are beneficially owned by a closed-end fund (UTG) managed by the reporting adviser
- Filed as of September 30, 2026, and submitted on November 9, 2026
Financial Impact
6.49% stake valued at approximately $34.3M based on $529M market cap
Risk Factors
- Passive 13G status could change to active 13D if the adviser later engages with management
- Stake is held through a single closed-end fund (UTG), so any redemption or rebalancing at that fund could lead to selling
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001999371-26-024876 |
| Document: 0001999371-26-024876-index.html | 0001999371-26-024876 |
| Document: 0001999371-26-024876.txt | 0001999371-26-024876 |
Track record
12 reports on ITG
The track record builds as more bullish or bearish reports settle.
Filters
- Nov 10, 2026today Press Release Bullish 6/10 Entry $5.34 Now $5.38 +0.75% settles Feb 9
- Nov 9, 20261d ago SC 13G Neutral 3/10 Viewing Entry $5.38 Now $5.38 +0.00% settles Feb 5
- Oct 22, 202619d ago 8-K Bullish 6/10 No price data
- Oct 22, 202619d ago Press Release Mixed 5/10 Entry $5.07 Now $5.38 +6.11% settles Jan 21
- Oct 20, 202621d ago Press Release Neutral 1/10 Entry $5.10 Now $5.38 +5.49% settles Jan 15
- Jul 2, 202618w ago Press Release Bullish 7/10 Entry $15.46 to $7.07 Now $5.38 −65.20% ▼ −54.30% −57.87% vs SPY
- Jul 1, 202618w ago 3 Neutral 2/10 Entry $15.46 to $10.43 Now $5.38 −65.20% ▼ −32.54% −35.54% vs SPY
- Jul 1, 202618w ago 3 Neutral 2/10 Entry $15.46 to $10.43 Now $5.38 −65.20% ▼ −32.54% −35.54% vs SPY
- Jul 1, 202618w ago 3 Neutral 1/10 Entry $15.46 to $10.43 Now $5.38 −65.20% ▼ −32.54% −35.54% vs SPY
- Jul 1, 202618w ago EFFECT Bullish 6/10 Entry $17.71 to $10.43 Now $5.38 −69.62% ▼ −41.11% −44.06% vs SPY
US Market Status
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