UTG - Reaves Utility Income Trust: Safe Way To Play A Stagnant Market

May, 18 2023 08:00 AM Reaves Utility Income Fund of Beneficial Interest

2023-05-18 08:00:00 ET

Summary

Reaves Utility Income Trust is a safe way to play the economic uncertainty and the stagnant stock market.
Utilities make up 65% of the fund with other investments primarily in telecoms and real estate.
Price return looks to be stable and investors can park money in the fund while they look for new opportunities.
The fund is a hold as it has low-risk investments with consistent monthly payments in a risky market environment.
Currently, the fund is underperforming peers but is a hold for now as distributions are still strong.

For further details see:

Company Name:	Reaves Utility Income Fund of Beneficial Interest
Stock Symbol:	UTG
Market:	NYSE