Jaffetilchin Investment Partners LLC Has $246,000 Stock Position in Virtus Reaves Utilities ETF (NYSEARCA:UTES)

Jaffetilchin Investment Partners LLC increased its position in shares of Virtus Reaves Utilities ETF (NYSEARCA:UTES) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,857 shares of the company’s stock after acquiring an additional 780 shares during the quarter. Jaffetilchin Investment Partners LLC owned about 0.31% of Virtus Reaves Utilities ETF worth $246,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UTES. Arkadios Wealth Advisors bought a new position in Virtus Reaves Utilities ETF in the fourth quarter valued at approximately $245,000. Beaumont Financial Advisors LLC boosted its position in shares of Virtus Reaves Utilities ETF by 0.9% in the 4th quarter. Beaumont Financial Advisors LLC now owns 104,508 shares of the company’s stock worth $6,662,000 after purchasing an additional 911 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Virtus Reaves Utilities ETF during the fourth quarter worth $1,637,000. Fifth Third Securities Inc. bought a new stake in Virtus Reaves Utilities ETF in the fourth quarter valued at about $1,068,000. Finally, Private Trust Co. NA lifted its stake in Virtus Reaves Utilities ETF by 151.6% in the fourth quarter. Private Trust Co. NA now owns 468 shares of the company’s stock valued at $30,000 after buying an additional 282 shares during the period.

Virtus Reaves Utilities ETF Trading Up 1.4 %

Shares of UTES opened at $63.06 on Friday. The stock has a market cap of $381.51 million, a P/E ratio of 18.96 and a beta of 0.66. Virtus Reaves Utilities ETF has a 1 year low of $46.50 and a 1 year high of $73.25. The stock’s 50-day moving average price is $65.65 and its two-hundred day moving average price is $65.98.

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.