Valicenti Advisory Services Inc. Purchases Shares of 41,000 Virtus Reaves Utilities ETF $UTES

Valicenti Advisory Services Inc. acquired a new stake in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,000 shares of the company’s stock, valued at approximately $3,421,000. Valicenti Advisory Services Inc. owned about 0.28% of Virtus Reaves Utilities ETF at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in Virtus Reaves Utilities ETF by 80.1% during the 2nd quarter. Private Trust Co. NA now owns 843 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares during the period. GPS Wealth Strategies Group LLC bought a new stake in Virtus Reaves Utilities ETF in the second quarter valued at approximately $71,000. Highline Wealth Partners LLC boosted its stake in shares of Virtus Reaves Utilities ETF by 9.2% during the second quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock valued at $180,000 after purchasing an additional 200 shares during the period. Jaffetilchin Investment Partners LLC grew its holdings in shares of 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 worth $331,000 after purchasing an additional 330 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of Virtus Reaves Utilities ETF by 8.0% in the second quarter. Arkadios Wealth Advisors now owns 6,085 shares of the company’s stock worth $460,000 after buying an additional 449 shares during the period.

Virtus Reaves Utilities ETF Stock Down 0.1%

NYSEARCA:UTES opened at $79.48 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 20.34 and a beta of 0.73. The company has a fifty day moving average of $81.78 and a 200 day moving average of $80.34. Virtus Reaves Utilities ETF has a 52 week low of $57.24 and a 52 week 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.