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UTES - UTG: Questioning The Reasons For Holding The Fund
ETFIS Series Trust I Reaves Utilities
This article was originally written a few weeks ago - please keep in mind that some market data may be out of date.
The Reaves Utility Income Fund (UTG) is a fund keenly followed by many CEF and income investors. No wonder - it has many apparent virtues. The fund features a below-average expense ratio, it is the best-performing utilities sector CEF since inception and it has recently upped its distribution to the highest level since the fund's inception.
In this article we try to systematically address the arguments for holding this CEF.