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masonjoel99
$UTG I think it has to do with interest rates on the treasuries. When the rates come down, UTG goes up. Long term it will go up. Rates will come down.
UTG Reaves Utility Income Fund
$36.36
$0.20
(0.55%)
Closed $36.39
$0.03
(0.08%)
After Hours
Mkt Cap$3.35B
Vol158,781.00
About UTG
W.H. Reaves & Company, Inc. (dba Reaves Asset Management) - Investment Management An investment advisor specializing in utilities and energy infrastructure, founded in 1961 Approximately $2.7 billion in total assets under management (as of 09/30/2016) 37-year track record for institutional clients Portfolio managers are supported by a highly experienced management team Research team averages over 20 years of industry experience Philosophy Reaves Asset Management believes that an information advantage can be created when experience analysts focus their fundamental, quantitative and qualitative, bottom-up research within the utility sector. Furthermore, the identification of utility companies that are disciplined enough to supply growing dividend income to their shareholders is a key component in the management process.
Fundamentals
60
Bullish Sentiment
How do you feel about UTG?
masonjoel99
$UTG I kept buying as it declined. Now hold 1000 shares….8% dividend I believe. Probably will go up at dividend time. Or does it pay monthly. Not sure…
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9ForMyLostGod
$UTG I rekon we're gonna see Oct 2023 levels pretty soon with interest rates on the rise and the 10-year approaching a 20-year high. Utilities will get hit especially hard. Keeping some dry powder for this, as well as for adding to my other utility positions in $DNP $UTF and $HTD
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davidjbenz
$UTG Nice A/H green candle. Strait of Hormuz 'bout to re-open? Bring those fuel costs down!
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Alphasearch
$UTG I am out with a nice profit. The fund is under pressure due to rising treasury yields. This closed end fund uses leverage or buys on loan more shares which is now 19%. That is how it can pay a higher yield. With treasuries falling and the yield rising it becomes more expensive for them to borrow and could cut future dividends or force them to return capital.
It also broke the lower trendline in a declining channel as well as losing January lows.
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