UTG - Reaves Utility Income Fund of Beneficial Interest: 52-Week High Recently Eclipsed (UTG)
Shares of Reaves Utility Income Fund of Beneficial Interest (NYSE American:UTG) traded today at $35.36, eclipsing its 52-week high. So far today approximately 174,000 shares have been exchanged, as compared to an average 30-day volume of 174,000 shares.
Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.
There is potential upside of 0.1% for shares of Reaves Utility Income Fund of Beneficial Interest based on a current price of $35.15 and an average consensus analyst price target of $35.18.
In the past 52 weeks, Reaves Utility Income Fund of Beneficial Interest share prices are bracketed by a low of $29.33 and a high of $35.36 and is now at $35.15, 20% above that low price.
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