Steel Grove Capital Advisors LLC Purchases 45,669 Shares of Virtus Reaves Utilities ETF $UTES

Steel Grove Capital Advisors LLC purchased a new position in Virtus Reaves Utilities ETF (NYSEARCA:UTES) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,669 shares of the company’s stock, valued at approximately $3,205,000. Steel Grove Capital Advisors LLC owned approximately 0.29% of Virtus Reaves Utilities ETF at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. XP Advisory US Inc. purchased a new stake in Virtus Reaves Utilities ETF in the 2nd quarter worth approximately $11,384,000. Janney Montgomery Scott LLC increased its stake in shares of Virtus Reaves Utilities ETF by 220.5% in the first quarter. Janney Montgomery Scott LLC now owns 89,268 shares of the company’s stock worth $7,133,000 after acquiring an additional 61,418 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Virtus Reaves Utilities ETF by 4.2% during the first 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. Fiduciary Alliance LLC raised its holdings in shares of Virtus Reaves Utilities ETF by 3.2% during the first quarter. Fiduciary Alliance LLC now owns 9,989 shares of the company’s stock worth $826,000 after acquiring an additional 310 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Virtus Reaves Utilities ETF during the first quarter worth $135,000.

Virtus Reaves Utilities ETF Trading Up 0.5%

NYSEARCA UTES traded up $0.38 on Tuesday, reaching $76.94. The stock had a trading volume of 75,942 shares, compared to its average volume of 189,394. Virtus Reaves Utilities ETF has a 1 year low of $69.45 and a 1 year high of $88.43. The business has a 50 day moving average price of $74.33 and a 200 day moving average price of $78.54. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.34 and a beta of 0.74.

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.