Fifth Third Securities Inc. Purchases New Position in Virtus Reaves Utilities ETF (NYSEARCA:UTES)

Fifth Third Securities Inc. purchased a new stake in Virtus Reaves Utilities ETF (NYSEARCA:UTES) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,747 shares of the company’s stock, valued at approximately $1,068,000.

Several other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its holdings in shares of Virtus Reaves Utilities ETF by 1.8% in the 3rd quarter. NBC Securities Inc. now owns 8,854 shares of the company’s stock worth $566,000 after acquiring an additional 160 shares in the last quarter. Beaumont Financial Advisors LLC raised its position in Virtus Reaves Utilities ETF by 0.5% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 103,597 shares of the company’s stock valued at $6,626,000 after purchasing an additional 517 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in Virtus Reaves Utilities ETF in the fourth quarter worth $245,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Virtus Reaves Utilities ETF in the fourth quarter valued at $1,637,000.

Virtus Reaves Utilities ETF Stock Down 1.2 %

Virtus Reaves Utilities ETF stock opened at $68.27 on Friday. Virtus Reaves Utilities ETF has a 12-month low of $42.48 and a 12-month high of $73.25. The stock has a 50-day simple moving average of $67.10 and a 200 day simple moving average of $62.29. The stock has a market capitalization of $85.34 million, a price-to-earnings ratio of 23.33 and a beta of 0.48.

About Virtus Reaves Utilities ETF

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.