Reaves Utilityome Fund (UTG) falls 0.56% on Strong Volume September 14

Equities Staff  |

Reaves Utility Income Fund (NYSE: UTG), a Denver, Colorado, company, fell to close at $35.36 Tuesday after losing $0.2 (0.56%) on volume of 204,421 shares. The stock ranged from a high of $35.71 to a low of $35.25 while Reaves Utilityome Fund’s market cap now stands at $1,969,443,798.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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