Virtus Reaves Utilities ETF $UTES Shares Acquired by Private Trust Co. NA

Private Trust Co. NA grew its stake in Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 80.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 843 shares of the company’s stock after purchasing an additional 375 shares during the period. Private Trust Co. NA’s holdings in Virtus Reaves Utilities ETF were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Virtus Reaves Utilities ETF by 18.0% during 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. Fifth Third Securities Inc. boosted its position in Virtus Reaves Utilities ETF by 105.7% during the second quarter. Fifth Third Securities Inc. now owns 38,950 shares of the company’s stock worth $2,945,000 after purchasing an additional 20,016 shares in the last quarter. Highline Wealth Partners LLC lifted its position in shares of Virtus Reaves Utilities ETF by 9.2% in the second quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock valued at $180,000 after acquiring an additional 200 shares in the last quarter. Old Port Advisors lifted its position in shares of Virtus Reaves Utilities ETF by 30.9% in the second quarter. Old Port Advisors now owns 19,371 shares of the company’s stock valued at $1,464,000 after acquiring an additional 4,578 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Virtus Reaves Utilities ETF by 46.7% in the first quarter. Arkadios Wealth Advisors now owns 5,636 shares of the company’s stock valued at $364,000 after acquiring an additional 1,794 shares in the last quarter.

Virtus Reaves Utilities ETF Stock Up 0.6%

Shares of NYSEARCA:UTES opened at $83.75 on Friday. Virtus Reaves Utilities ETF has a 52-week low of $57.24 and a 52-week high of $88.43. The stock’s fifty day simple moving average is $82.22 and its 200-day simple moving average is $75.99. The company has a market capitalization of $1.23 billion, a P/E ratio of 20.34 and a beta of 0.55.

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.