Arkadios Wealth Advisors Invests $245,000 in Virtus Reaves Utilities ETF (NYSEARCA:UTES)

Arkadios Wealth Advisors purchased a new stake in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,842 shares of the company’s stock, valued at approximately $245,000. Arkadios Wealth Advisors owned about 0.31% of Virtus Reaves Utilities ETF at the end of the most recent quarter.

Separately, NBC Securities Inc. boosted its stake in shares of Virtus Reaves Utilities ETF by 1.8% during the third quarter. NBC Securities Inc. now owns 8,854 shares of the company’s stock valued at $566,000 after purchasing an additional 160 shares in the last quarter.

Virtus Reaves Utilities ETF Price Performance

Virtus Reaves Utilities ETF stock opened at $72.21 on Friday. The business has a 50 day moving average of $66.91 and a 200-day moving average of $61.73. The company has a market capitalization of $90.26 million, a P/E ratio of 23.33 and a beta of 0.48. Virtus Reaves Utilities ETF has a 1 year low of $42.21 and a 1 year high of $73.25.

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.