(UTES) Virtus Reaves Utilities - Ratings and Ratios

The Virtus Reaves Utilities ETF is a concentrated investment vehicle that focuses on the Utilities sector, with at least 80% of its assets allocated to equity securities of companies that derive a significant portion of their revenue or profits from the generation or distribution of electricity, gas, or water.

The funds manager, Virtus, employs a specific criteria to classify a company as a Utility Sector Company, requiring that at least 50% of the companys assets, customers, revenues, or profits be tied to the Utilities sector. This approach allows the fund to capture the performance of companies that are heavily involved in the Utilities industry.

As a non-diversified ETF, UTES is designed to provide targeted exposure to the Utilities sector, which can be attractive to investors seeking to capitalize on the relatively stable and income-generating characteristics of this industry. With a current AUM of $531.46M USD, the fund has a substantial presence in the market.

From a technical analysis perspective, the current price of $75.20 is near the 52-week high of $75.25, indicating a strong uptrend. The funds price is currently above its 20-day, 50-day, and 200-day moving averages, suggesting a bullish trend. The Average True Range (ATR) of 1.12 (1.49%) indicates a moderate level of volatility.

Based on the available technical and fundamental data, a forecast for UTES could be as follows: given the funds strong uptrend and proximity to its 52-week high, it is likely to continue its upward momentum in the short term, potentially breaking through the $75.25 level and targeting new highs. However, the moderate volatility indicated by the ATR suggests that investors should be prepared for potential price fluctuations. In the long term, the funds focus on the Utilities sector, which is often characterized by stable demand and income-generating assets, could provide a relatively stable source of returns, potentially supporting the funds AUM and price.