Beaumont Financial Advisors LLC Raises Holdings in Virtus Reaves Utilities ETF (NYSEARCA:UTES)

Beaumont Financial Advisors LLC grew its holdings in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,508 shares of the company’s stock after purchasing an additional 911 shares during the period. Beaumont Financial Advisors LLC owned approximately 0.08% of Virtus Reaves Utilities ETF worth $6,662,000 at the end of the most recent quarter.

Separately, Arkadios Wealth Advisors purchased a new stake in shares of Virtus Reaves Utilities ETF in the 4th quarter valued at $245,000.

Virtus Reaves Utilities ETF Trading Up 2.6 %

Shares of UTES stock opened at $72.27 on Wednesday. The stock has a 50 day moving average of $66.65 and a 200 day moving average of $61.52. Virtus Reaves Utilities ETF has a twelve month low of $42.21 and a twelve month high of $72.85. The stock has a market cap of $90.34 million, a P/E ratio of 23.33 and a beta of 0.48.

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.