Fiduciary Alliance LLC Takes $678,000 Position in Virtus Reaves Utilities ETF $UTES

Fiduciary Alliance LLC purchased a new stake in Virtus Reaves Utilities ETF (NYSEARCA:UTES) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,129 shares of the company’s stock, valued at approximately $678,000. Fiduciary Alliance LLC owned approximately 0.06% of Virtus Reaves Utilities ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UTES. Private Trust Co. NA lifted its holdings in shares of Virtus Reaves Utilities ETF by 80.1% in the second quarter. Private Trust Co. NA now owns 843 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in Virtus Reaves Utilities ETF during the second quarter valued at $71,000. Highline Wealth Partners LLC raised its position in Virtus Reaves Utilities ETF by 9.2% during the second 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 lifted its stake in Virtus Reaves Utilities ETF by 8.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 4,381 shares of the company’s stock worth $331,000 after acquiring an additional 330 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Virtus Reaves Utilities ETF by 8.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 6,085 shares of the company’s stock worth $460,000 after acquiring an additional 449 shares during the period.

Virtus Reaves Utilities ETF Price Performance

NYSEARCA:UTES opened at $78.67 on Friday. The stock has a market cap of $1.17 billion, a PE ratio of 20.34 and a beta of 0.73. Virtus Reaves Utilities ETF has a fifty-two week low of $57.24 and a fifty-two week high of $88.43. The stock’s 50-day moving average is $82.50 and its two-hundred day moving average is $80.06.

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. UTES was launched on Sep 23, 2015 and is managed by Virtus.