Reaves Utility Income Fund (NYSEAMERICAN:UTG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $36.12. Reaves Utility Income Fund shares last traded at $36.28, with a volume of 2,958 shares changing hands.
The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be given a $0.18 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Monday, July 22nd.
A hedge fund recently raised its stake in Reaves Utility Income Fund stock. Ingalls & Snyder LLC lifted its stake in Reaves Utility Income Fund (NYSEAMERICAN:UTG) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,899 shares of the closed-end fund’s stock after acquiring an additional 1,000 shares during the period. Ingalls & Snyder LLC’s holdings in Reaves Utility Income Fund were worth $1,357,000 at the end of the most recent quarter.
About Reaves Utility Income Fund (NYSEAMERICAN:UTG)
There is no company description available for Reaves Utility Income Trust.
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