XP Advisory US Inc. purchased a new position in Virtus Reaves Utilities ETF (NYSEARCA:UTES – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 139,273 shares of the company’s stock, valued at approximately $11,384,000. Virtus Reaves Utilities ETF makes up about 6.2% of XP Advisory US Inc.’s investment portfolio, making the stock its 4th biggest position.
Several other institutional investors and hedge funds have also recently made changes to their positions in UTES. Arkadios Wealth Advisors lifted its holdings in shares of Virtus Reaves Utilities ETF by 4.2% during the 1st quarter. Arkadios Wealth Advisors now owns 12,882 shares of the company’s stock worth $1,029,000 after acquiring an additional 524 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in Virtus Reaves Utilities ETF in the first quarter worth $135,000. Sound Income Strategies LLC bought a new position in Virtus Reaves Utilities ETF in the first quarter valued at $37,000. Coston McIsaac & Partners bought a new position in Virtus Reaves Utilities ETF in the first quarter valued at $33,000. Finally, Janney Montgomery Scott LLC raised its position in Virtus Reaves Utilities ETF by 220.5% during the first quarter. Janney Montgomery Scott LLC now owns 89,268 shares of the company’s stock valued at $7,133,000 after purchasing an additional 61,418 shares in the last quarter.
Virtus Reaves Utilities ETF Stock Up 1.3%
NYSEARCA UTES opened at $76.17 on Friday. The stock’s 50-day simple moving average is $78.25 and its two-hundred day simple moving average is $80.29. Virtus Reaves Utilities ETF has a twelve month low of $73.25 and a twelve month high of $88.43. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 20.34 and a beta of 0.74.
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. UTES was launched on Sep 23, 2015 and is managed by Virtus.
See Also
- Five stocks we like better than Virtus Reaves Utilities ETF
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
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).
Receive News & Ratings for Virtus Reaves Utilities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Reaves Utilities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
