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Closed-End Funds can offer some very attractive distribution payments, but they also come in a wide variety of shapes and sizes. We review the popular Reaves Utility Income Fund, UTG, including a discussion of pros and cons. Then we share two additional big-dividend CEF opportunit...
The market is now in bear territory, which makes selling shares risky. Investing for immediate income can reduce or eliminate the need to sell shares and avoid the problems of selling in a down market. CEFs with well-covered distributions offer both safe income streams and are pri...
CEF Focus Investing means selecting quality funds to have a steady stream of sustainable income over time. However, if we feel the imperative to stay fully invested in the market as it rises, we won’t have any cash to invest when prices fall. We should be aware that sooner ...
Utilities were performing well through 2022 before succumbing to the plunges, just as most other sectors have experienced this year. Since declining, the rest of July provided a nice rally to push utilities back into slightly positive territory. The fund's price has gyrated quite ...
No portfolio or strategy can be perfect. We can only aim for it to be close to perfect. One such strategy, we believe, is what we call NPP (Near Perfect Portfolio) strategy. Be it a bull market, a bear market, or a stagnant market, the NPP strategy aims to provide decent growth, gener...
Rates are rising, the economy is likely to falter, and many can't seem to pay their bills. The outlook is getting grim, yet the Fed is determined to hike rates higher. You need to be prepared, and we want to talk about how to do just that. Co-produced with Treading Sof...
UTG is a Utilities-focused CEF yielding 7.3% that pays monthly. The Utilities sector is the 2nd-leading sector so far in 2022. UTG is priced slightly below par, below its 1- and 3-year average premiums to NAV. Utilities are boring, right? Well, not in pullback years, lik...
Regular income from your investments can have a powerful impact on your goal of becoming financially independent and reaching your retirement goals. Only regular income can make you financially independent unless you have accumulated very large net worth. Being financially independent...
We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...
In a major setback to President Biden's climate change agenda, the U.S. Supreme Court ruled Thursday that the Environmental Protection Agency does not have the authority to set standards on greenhouse gas emissions for existing power plants under the Clean Air Act. The 6-3 major...
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Reaves Utility Income Fund of Beneficial Interest Company Name:
UTG Stock Symbol:
NYSE Market:
2024-07-17 05:00:59 ET Be honest. I won’t be mad, but just admit it. You’ve got some SPY in your portfolio. So much in fact you’re probably trying to quickly change the subject from the SPDR S&P 500 ETF Trust (SPY) . I’m not mad. (I’m j...
DENVER, CO / ACCESSWIRE / July 9, 2024 / Reaves Utility Income Fund (NYSE American:UTG) announced today the next three, monthly, distributions at a rate of $0.19 per common share per month, unchanged from the per share rate paid for the previous quarter. As of July 2, 2024, the Fund's market pri...
2024-06-25 08:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...