Reaves Utility Income Fund (NYSEAMERICAN:UTG) Stock Price Up 11.2%

Reaves Utility Income Fund (NYSEAMERICAN:UTG) shares rose 11.2% on Wednesday . The company traded as high as $24.22 and last traded at $26.46, approximately 54,465 shares changed hands during mid-day trading. A decline of 80% from the average daily volume of 274,506 shares. The stock had previously closed at $23.79.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PSI Advisors LLC bought a new stake in shares of Reaves Utility Income Fund in the fourth quarter worth $25,000. Samalin Investment Counsel LLC bought a new stake in shares of Reaves Utility Income Fund in the fourth quarter worth $29,000. Wealth Quarterback LLC bought a new stake in shares of Reaves Utility Income Fund in the fourth quarter worth $29,000. TFG Advisers LLC bought a new stake in shares of Reaves Utility Income Fund in the fourth quarter worth $34,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Reaves Utility Income Fund in the fourth quarter worth $44,000.

Reaves Utility Income Fund Company Profile (NYSEAMERICAN:UTG)

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

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