Beaumont Financial Advisors LLC Buys 911 Shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES)

Beaumont Financial Advisors LLC increased its position in Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,508 shares of the company’s stock after buying an additional 911 shares during the period. Beaumont Financial Advisors LLC owned 8.36% of Virtus Reaves Utilities ETF worth $6,662,000 at the end of the most recent quarter.

Separately, Arkadios Wealth Advisors purchased a new stake in Virtus Reaves Utilities ETF during the 4th quarter valued at $245,000.

Virtus Reaves Utilities ETF Price Performance

Shares of NYSEARCA UTES opened at $72.27 on Wednesday. Virtus Reaves Utilities ETF has a 1 year low of $42.21 and a 1 year high of $72.85. The company has a market cap of $90.34 million, a P/E ratio of 23.33 and a beta of 0.48. The firm has a 50-day simple moving average of $66.65 and a two-hundred day simple moving average of $61.52.

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.