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