Fifth Third Securities Inc. Has $4.61 Million Stock Holdings in Virtus Reaves Utilities ETF $UTES

Fifth Third Securities Inc. increased its holdings in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 41.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,289 shares of the company’s stock after buying an additional 16,339 shares during the quarter. Fifth Third Securities Inc. owned 0.39% of Virtus Reaves Utilities ETF worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of UTES. Old Port Advisors boosted its position 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 period. Highline Wealth Partners LLC increased its holdings 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 purchasing an additional 200 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Virtus Reaves Utilities ETF by 18.0% in the second quarter. Janney Montgomery Scott LLC now owns 11,036 shares of the company’s stock worth $834,000 after purchasing an additional 1,686 shares in the last quarter. Private Trust Co. NA lifted its position 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 worth $64,000 after purchasing an additional 375 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC boosted its holdings in shares of Virtus Reaves Utilities ETF by 1.7% during the second quarter. Steel Grove Capital Advisors LLC now owns 38,750 shares of the company’s stock worth $2,930,000 after purchasing an additional 639 shares during the period.

Virtus Reaves Utilities ETF Stock Performance

Shares of UTES opened at $78.67 on Friday. The company has a market capitalization of $1.17 billion, a PE ratio of 20.34 and a beta of 0.73. The company’s 50 day moving average price is $82.50 and its 200 day moving average price is $80.11. Virtus Reaves Utilities ETF has a 52 week low of $57.24 and a 52 week high of $88.43.

Virtus Reaves Utilities ETF Company 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.