Reaves Utility Income Fund (NYSEAMERICAN:UTG)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis 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 second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,899 shares of the closed-end fund’s stock after purchasing an additional 1,000 shares during the quarter. Ingalls & Snyder LLC’s holdings in Reaves Utility Income Fund were worth $1,357,000 at the end of the most recent reporting period.
There is no company description available for Reaves Utility Income Trust.
Featured Article: Day Trading – Risk Worth the Reward?
Receive News & Ratings for Reaves Utility Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reaves Utility Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.