Reaves Utility Income Fund (NYSEAMERICAN:UTG) Shares Cross Above 50 Day Moving Average of $0.00

Shares of Reaves Utility Income Fund (NYSEAMERICAN:UTG) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $36.67. Reaves Utility Income Fund shares last traded at $36.63, with a volume of 1,895 shares traded.

Several hedge funds have recently made changes to their positions in the company. Partnervest Advisory Services LLC increased its position in shares of Reaves Utility Income Fund by 4.7% during the second quarter. Partnervest Advisory Services LLC now owns 7,763 shares of the closed-end fund’s stock worth $278,000 after purchasing an additional 352 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Reaves Utility Income Fund by 4.0% during the second quarter. Wedbush Securities Inc. now owns 12,878 shares of the closed-end fund’s stock worth $461,000 after purchasing an additional 500 shares in the last quarter. First Foundation Advisors increased its position in shares of Reaves Utility Income Fund by 1.2% during the second quarter. First Foundation Advisors now owns 46,644 shares of the closed-end fund’s stock worth $1,670,000 after purchasing an additional 554 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Reaves Utility Income Fund by 114.3% during the second quarter. Advisory Services Network LLC now owns 1,500 shares of the closed-end fund’s stock worth $54,000 after purchasing an additional 800 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. purchased a new stake in shares of Reaves Utility Income Fund during the third quarter worth approximately $30,000.

About Reaves Utility Income Fund (NYSEAMERICAN:UTG)

There is no company description available for Reaves Utility Income Trust.

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