Virtus Reaves Utilities ETF $UTES Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its position in Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,592 shares of the company’s stock after selling 609 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Virtus Reaves Utilities ETF were worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UTES. Highline Wealth Partners LLC bought a new position in shares of Virtus Reaves Utilities ETF in the first quarter valued at approximately $141,000. Jaffetilchin Investment Partners LLC boosted its holdings in shares of Virtus Reaves Utilities ETF by 5.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,051 shares of the company’s stock valued at $262,000 after acquiring an additional 194 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings 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. Janney Montgomery Scott LLC bought a new position in shares of Virtus Reaves Utilities ETF in the first quarter valued at approximately $604,000. Finally, Old Port Advisors bought a new position in shares of Virtus Reaves Utilities ETF in the first quarter valued at approximately $956,000.

Virtus Reaves Utilities ETF Price Performance

Virtus Reaves Utilities ETF stock opened at $85.22 on Wednesday. The firm has a 50 day simple moving average of $81.34 and a 200-day simple moving average of $74.28. The stock has a market capitalization of $1.18 billion, a PE ratio of 20.34 and a beta of 0.55. Virtus Reaves Utilities ETF has a 12-month low of $57.24 and a 12-month high of $86.40.

About Virtus Reaves Utilities ETF

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.