Fifth Third Securities Inc. Buys New Shares in Virtus Reaves Utilities ETF $UTES

Fifth Third Securities Inc. bought a new position in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) in the third quarter, Holdings Channel reports. The fund bought 43,076 shares of the company’s stock, valued at approximately $3,023,000.

A number of other large investors have also recently added to or reduced their stakes in UTES. XP Advisory US Inc. bought a new position in shares of Virtus Reaves Utilities ETF in the second quarter valued at $11,384,000. Steel Grove Capital Advisors LLC acquired a new stake in shares of Virtus Reaves Utilities ETF during the 3rd quarter valued at $3,205,000. Janney Montgomery Scott LLC lifted its position in shares of Virtus Reaves Utilities ETF by 220.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,268 shares of the company’s stock valued at $7,133,000 after acquiring an additional 61,418 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Virtus Reaves Utilities ETF during the 3rd quarter worth $120,000. Finally, Arkadios Wealth Advisors boosted its stake 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 in the last quarter.

Virtus Reaves Utilities ETF Stock Up 1.5%

Shares of Virtus Reaves Utilities ETF stock opened at $76.35 on Thursday. The stock’s fifty day moving average is $74.22 and its 200-day moving average is $78.33. The firm has a market capitalization of $1.18 billion, a PE ratio of 20.34 and a beta of 0.74. Virtus Reaves Utilities ETF has a 12-month low of $69.45 and a 12-month high of $86.51.

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.