Reaves Utility Income Fund (UTG)
Reaves Utility Income Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Jersey City, NJ, US. The stock last traded at $39.87, up 1.09% on the session, giving a market capitalisation of $3.65B. On trailing twelve-month figures it carries a trailing P/E of 2.89, a net margin of 628.3%. Its beta of 0.86 implies it has historically moved less than the broad market.
Reaves Utility Income Fund is a closed ended balanced mutual fund launched and managed by W. H. Reaves & Company, Inc. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the Utilities sector. The fund primarily invests in dividend paying stocks and debt instruments of companies operating across all market capitalizations. It employs a combination of quantitative and fundamental analysis with bottom-up stock picking approach to create its portfolio. Reaves Utility Income Fund was formed on September 15, 2003 and is domiciled in the United States.
Reaves Utility Income Fund is most often compared with the following Financial Services names: