GPS Wealth Strategies Group LLC Buys New Holdings in Virtus Reaves Utilities ETF $UTES

GPS Wealth Strategies Group LLC purchased a new position in Virtus Reaves Utilities ETF (NYSEARCA:UTES) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 933 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of Virtus Reaves Utilities ETF by 18.0% during the second quarter. Janney Montgomery Scott LLC now owns 11,036 shares of the company’s stock valued at $834,000 after buying an additional 1,686 shares during the last quarter. Steel Grove Capital Advisors LLC boosted its position in shares of Virtus Reaves Utilities ETF by 1.7% during the second quarter. Steel Grove Capital Advisors LLC now owns 38,750 shares of the company’s stock worth $2,930,000 after acquiring an additional 639 shares during the last quarter. Private Trust Co. NA grew its stake in Virtus Reaves Utilities ETF by 80.1% during the second quarter. Private Trust Co. NA now owns 843 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares in the last quarter. Highline Wealth Partners LLC increased its holdings in Virtus Reaves Utilities ETF by 9.2% in the 2nd quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock valued at $180,000 after acquiring an additional 200 shares during the last quarter. Finally, Old Port Advisors lifted its stake in Virtus Reaves Utilities ETF by 30.9% in the 2nd quarter. Old Port Advisors now owns 19,371 shares of the company’s stock worth $1,464,000 after purchasing an additional 4,578 shares in the last quarter.

Virtus Reaves Utilities ETF Stock Down 1.2%

UTES opened at $82.41 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 20.34 and a beta of 0.73. The firm has a 50-day simple moving average of $83.09 and a two-hundred day simple moving average of $77.55. Virtus Reaves Utilities ETF has a 52 week low of $57.24 and a 52 week high of $88.43.

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.