Kingswood Wealth Advisors LLC Invests $1.64 Million in Virtus Reaves Utilities ETF (NYSEARCA:UTES)

Kingswood Wealth Advisors LLC purchased a new stake in Virtus Reaves Utilities ETF (NYSEARCA:UTES) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,686 shares of the company’s stock, valued at approximately $1,637,000. Kingswood Wealth Advisors LLC owned approximately 2.05% of Virtus Reaves Utilities ETF as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Arkadios Wealth Advisors acquired a new position in shares of Virtus Reaves Utilities ETF during the 4th quarter worth approximately $245,000. Beaumont Financial Advisors LLC grew its position in shares of Virtus Reaves Utilities ETF by 0.9% in the fourth quarter. Beaumont Financial Advisors LLC now owns 104,508 shares of the company’s stock valued at $6,662,000 after purchasing an additional 911 shares during the period. Finally, NBC Securities Inc. increased 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 worth $566,000 after purchasing an additional 160 shares in the last quarter.

Virtus Reaves Utilities ETF Trading Down 10.5 %

NYSEARCA:UTES opened at $65.08 on Tuesday. The stock has a 50 day moving average of $67.20 and a two-hundred day moving average of $62.07. Virtus Reaves Utilities ETF has a 12 month low of $42.48 and a 12 month high of $73.25. The firm has a market cap of $81.35 million, a P/E 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.