Transcendent Capital Group LLC Takes Position in Virtus Reaves Utilities ETF $UTES

Transcendent Capital Group LLC bought a new position in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,368 shares of the company’s stock, valued at approximately $1,866,000. Transcendent Capital Group LLC owned about 0.15% of Virtus Reaves Utilities ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new position in Virtus Reaves Utilities ETF in the third quarter valued at approximately $28,000. Private Trust Co. NA grew its position in shares of Virtus Reaves Utilities ETF by 80.1% in the 2nd quarter. Private Trust Co. NA now owns 843 shares of the company’s stock valued at $64,000 after buying an additional 375 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new position in shares of Virtus Reaves Utilities ETF in the 2nd quarter valued at $71,000. Highline Wealth Partners LLC raised its stake in Virtus Reaves Utilities ETF by 7.6% during the 3rd quarter. Highline Wealth Partners LLC now owns 2,561 shares of the company’s stock worth $214,000 after acquiring an additional 181 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its position in Virtus Reaves Utilities ETF by 8.1% in the second quarter. Jaffetilchin Investment Partners LLC now owns 4,381 shares of the company’s stock valued at $331,000 after acquiring an additional 330 shares during the last quarter.

Virtus Reaves Utilities ETF Price Performance

NYSEARCA UTES opened at $76.32 on Tuesday. The company has a fifty day moving average of $79.53 and a two-hundred day moving average of $81.17. The company has a market capitalization of $1.40 billion, a PE ratio of 20.34 and a beta of 0.73. Virtus Reaves Utilities ETF has a 1 year low of $57.24 and a 1 year high of $88.43.

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. UTES was launched on Sep 23, 2015 and is managed by Virtus.