139,273 Shares in Virtus Reaves Utilities ETF $UTES Acquired by XP Advisory US Inc.

XP Advisory US Inc. bought a new position in Virtus Reaves Utilities ETF (NYSEARCA:UTES) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 139,273 shares of the company’s stock, valued at approximately $11,384,000. Virtus Reaves Utilities ETF makes up approximately 6.2% of XP Advisory US Inc.’s investment portfolio, making the stock its 4th biggest holding. XP Advisory US Inc. owned about 0.81% of Virtus Reaves Utilities ETF as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Virtus Reaves Utilities ETF by 25.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,377,998 shares of the company’s stock valued at $266,693,000 after purchasing an additional 675,679 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Virtus Reaves Utilities ETF by 220.5% during the first quarter. Janney Montgomery Scott LLC now owns 89,268 shares of the company’s stock valued at $7,133,000 after buying an additional 61,418 shares during the period. NewEdge Advisors LLC boosted its stake in Virtus Reaves Utilities ETF by 787.7% during the fourth quarter. NewEdge Advisors LLC now owns 19,786 shares of the company’s stock valued at $1,562,000 after buying an additional 17,557 shares during the period. Steel Grove Capital Advisors LLC boosted its stake in Virtus Reaves Utilities ETF by 11.7% during the fourth quarter. Steel Grove Capital Advisors LLC now owns 43,280 shares of the company’s stock valued at $3,417,000 after buying an additional 4,530 shares during the period. Finally, Western Wealth Management LLC purchased a new position in Virtus Reaves Utilities ETF during the fourth quarter worth about $247,000.

Virtus Reaves Utilities ETF Stock Up 1.3%

Shares of NYSEARCA UTES opened at $76.17 on Friday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 20.34 and a beta of 0.74. The stock’s 50-day simple moving average is $78.25 and its two-hundred day simple moving average is $80.29. Virtus Reaves Utilities ETF has a twelve month low of $73.25 and a twelve month 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.