Steel Grove Capital Advisors LLC Has $2.93 Million Stock Position in Virtus Reaves Utilities ETF $UTES

Steel Grove Capital Advisors LLC boosted its stake in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,750 shares of the company’s stock after acquiring an additional 639 shares during the quarter. Steel Grove Capital Advisors LLC owned approximately 0.48% of Virtus Reaves Utilities ETF worth $2,930,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in Virtus Reaves Utilities ETF during the 1st quarter worth about $604,000. Jaffetilchin Investment Partners LLC grew its holdings in Virtus Reaves Utilities ETF by 5.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,051 shares of the company’s stock worth $262,000 after acquiring an additional 194 shares during the last quarter. Old Port Advisors grew its holdings in Virtus Reaves Utilities ETF by 30.9% during the 2nd quarter. Old Port Advisors now owns 19,371 shares of the company’s stock worth $1,464,000 after acquiring an additional 4,578 shares during the last quarter. Highline Wealth Partners LLC grew its holdings in Virtus Reaves Utilities ETF by 9.2% during the 2nd quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock worth $180,000 after acquiring an additional 200 shares during the last quarter. Finally, Fifth Third Securities Inc. grew its holdings in Virtus Reaves Utilities ETF by 13.1% during the 1st quarter. Fifth Third Securities Inc. now owns 18,934 shares of the company’s stock worth $1,223,000 after acquiring an additional 2,187 shares during the last quarter.

Virtus Reaves Utilities ETF Stock Down 2.1%

Shares of NYSEARCA:UTES opened at $83.45 on Wednesday. Virtus Reaves Utilities ETF has a 12 month low of $57.24 and a 12 month high of $88.43. The company’s 50-day moving average price is $82.14 and its two-hundred day moving average price is $75.78. The firm has a market cap of $1.23 billion, a P/E ratio of 20.34 and a beta of 0.55.

About Virtus Reaves Utilities ETF

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.