Reaves Utility Income Fund (UTG) gains 0.85% for July 21

Equities Staff  |

Reaves Utility Income Fund (NYSE: UTG) shares gained 0.85%, or $0.3 per share, to close Wednesday at $35.58. After opening the day at $35.42, shares of Reaves Utilityome Fund fluctuated between $35.61 and $35.29. 187,133 shares traded hands a decrease from their 30 day average of 237,453. Wednesday's activity brought Reaves Utilityome Fund’s market cap to $1,981,697,125.

Reaves Utilityome Fund is headquartered in Denver, Colorado..

About Reaves Utility Income Fund

The Reaves Utility Income Fund is a publicly listed closed-end fund with an emphasis on paying a high distribution to shareholders though dividends and capital gains generated by the Fund’s investments. The Fund invests in infrastructure stocks, predominantly utilities. Reaves Asset Management is the Investment Advisor to the Fund.

Visit Reaves Utility Income Fund’s profile for more information.

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Reaves Utility Income Fund and to follow the company’s latest updates, you can visit the company’s profile page here: Reaves Utility Income Fund’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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