Arkadios Wealth Advisors acquired a new stake in Virtus Reaves Utilities ETF (NYSEARCA:UTES – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 3,842 shares of the company’s stock, valued at approximately $245,000.
Separately, Beaumont Financial Advisors LLC boosted its stake in Virtus Reaves Utilities ETF by 0.5% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 103,597 shares of the company’s stock valued at $6,626,000 after purchasing an additional 517 shares during the last quarter.
Virtus Reaves Utilities ETF Stock Up 0.5 %
Shares of Virtus Reaves Utilities ETF stock opened at $72.21 on Friday. Virtus Reaves Utilities ETF has a 52 week low of $42.21 and a 52 week high of $73.25. The business has a 50 day moving average price of $66.91 and a 200-day moving average price of $61.73. The company has a market cap of $90.26 million, a PE ratio of 23.33 and a beta of 0.48.
Virtus Reaves Utilities ETF Company Profile
(Free Report)
The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics.
Further Reading
Want to see what other hedge funds are holding UTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtus Reaves Utilities ETF (NYSEARCA:UTES – Free Report).
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