UTG News and Press, Reaves Utility Income Fund of Beneficial Interest From 10/17/23

2023-10-17 00:31:01 ET Summary The number of CEFs currently in the U.S. market is 440, each one acting as a spokesperson for the strategy and management philosophy of the houses that launched them. The reason why most investors are interested in CEFs is because they provide a stea...

2023-10-12 09:00:00 ET Summary The markets showed some recovery this week, with a slight appreciation in the S&P 500 and a significant climb in the Dow Jones Industrial Average. The Dividend Harvesting Portfolio experienced its second consecutive week of losses, but overall di...

2023-10-02 08:45:00 ET Summary Reaves Utility Income Trust has declined by -11.81% in 2023 but continues to pay a monthly distribution with an annualized yield of 9.23%. Utilities have been less appealing as the yield on risk-free assets has increased, causing investors to seek hi...

2023-09-28 17:59:37 ET Summary Closed-end funds with high distribution rates and elevated premiums may be setting investors up for significant losses. Guggenheim Strategic Opportunities Fund (GOF) and Gabelli Utility Trust (GUT) are sell candidates due to weak distribution coverag...

2023-09-24 09:15:00 ET Summary Utilities sector underperforms in 2023 due to rising rates and wildfire liabilities. Reaves Utility Income Trust has outperformed over the past 10 years and has a deep discount to NAV. Reaves has a lower yield but the highest 5-year dividend grow...

2023-09-18 08:11:42 ET Summary Voya Infrastructure, Industrials and Materials Fund trades at a deep discount but has generally been a weak performer over the long term. The longer-term results have been rather lackluster, but there are at least some glimmers of hope in the more re...

2023-09-13 07:35:00 ET Summary Berkshire Hathaway has a substantial stake in American utilities and infrastructure companies. This industry offers income stability for retirees as they experience inelastic demand through economic cycles. Two +7% yields for your retirement with...

2023-09-07 01:52:35 ET Summary DNP Select Income Fund is a closed-end fund that focuses on current income and has maintained a large distribution. The fund primarily invests in utilities and midstream assets, with some exposure to the communication sector. DNP has underperform...

2023-09-06 08:00:00 ET Summary Utilities are currently cheap compared to their historical average valuation (as well as compared to the broader market) and offer both growth potential and stock price upside. Federal legislation incentivizing decarbonization and electrification wil...

2023-09-05 03:43:41 ET Summary I increased my portfolio investment in July-August to focus on stocks and funds in the Utilities sector, which has been underperforming. For July-August, I closed positions in 12 stocks in the portfolio, with a mean gain of +20.8% not including divid...