DNP - Why We Sold UTG Last Week And What We Replaced It With
Last week, we sold our ~10% position in the Reaves Utility Income Fund's (UTG) in the Income Generator Portfolio, which is a 9%-yielding model closed-end fund ("CEF") portfolio of our newsletter service, the CEF/ETF Income Laboratory.
Since I've written frequently about UTG on the main site (most recent update here), I also wanted to alert my followers about why we sold the fund and what we replaced it with. Normally, portfolio moves in our model Income Generator and Tactical Income portfolios are revealed in our members area only, but I'm