Private Trust Co. NA Increases Stake in Virtus Reaves Utilities ETF $UTES

Private Trust Co. NA grew its stake in Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 80.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 843 shares of the company’s stock after buying an additional 375 shares during the quarter. Private Trust Co. NA’s holdings in Virtus Reaves Utilities ETF were worth $64,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC boosted its stake in shares of Virtus Reaves Utilities ETF by 9.2% in the 2nd quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock valued at $180,000 after buying an additional 200 shares during the period. Jaffetilchin Investment Partners LLC boosted its stake in shares of Virtus Reaves Utilities ETF by 5.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,051 shares of the company’s stock valued at $262,000 after buying an additional 194 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Virtus Reaves Utilities ETF by 46.7% in the 1st quarter. Arkadios Wealth Advisors now owns 5,636 shares of the company’s stock valued at $364,000 after buying an additional 1,794 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Virtus Reaves Utilities ETF in the 1st quarter valued at about $604,000. Finally, Old Port Advisors purchased a new position in shares of Virtus Reaves Utilities ETF in the 1st quarter valued at about $956,000.

Virtus Reaves Utilities ETF Stock Performance

Shares of UTES opened at $83.75 on Friday. The stock has a 50-day simple moving average of $82.22 and a 200-day simple moving average of $75.99. The stock has a market capitalization of $1.23 billion, a PE ratio of 20.34 and a beta of 0.55. Virtus Reaves Utilities ETF has a 1 year low of $57.24 and a 1 year high of $88.43.

Virtus Reaves Utilities ETF Profile

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.