Janney Montgomery Scott LLC Has $7.13 Million Stake in Virtus Reaves Utilities ETF $UTES

Janney Montgomery Scott LLC increased its position in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 220.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,268 shares of the company’s stock after acquiring an additional 61,418 shares during the period. Janney Montgomery Scott LLC’s holdings in Virtus Reaves Utilities ETF were worth $7,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UTES. NewEdge Advisors LLC bought a new position in Virtus Reaves Utilities ETF in the third quarter valued at about $186,000. Highline Wealth Partners LLC grew its holdings in shares of Virtus Reaves Utilities ETF by 10.2% during the fourth quarter. Highline Wealth Partners LLC now owns 2,823 shares of the company’s stock worth $223,000 after purchasing an additional 262 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Virtus Reaves Utilities ETF during the fourth quarter worth about $247,000. Cary Street Partners Financial LLC grew its holdings in shares of Virtus Reaves Utilities ETF by 31.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 3,170 shares of the company’s stock worth $250,000 after purchasing an additional 750 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Virtus Reaves Utilities ETF by 713.3% in the fourth quarter. Private Trust Co. NA now owns 3,416 shares of the company’s stock valued at $270,000 after buying an additional 2,996 shares during the period.

Virtus Reaves Utilities ETF Price Performance

Shares of NYSEARCA UTES opened at $81.04 on Friday. The company has a 50 day simple moving average of $80.85 and a 200 day simple moving average of $80.57. The firm has a market cap of $1.39 billion, a PE ratio of 20.34 and a beta of 0.75. Virtus Reaves Utilities ETF has a 1 year low of $73.24 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.