Reaves Utility Income Fund (NYSEAMERICAN:UTG) Share Price Crosses Above 50 Day Moving Average of $0.00

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Reaves Utility Income Fund (NYSEAMERICAN:UTG) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $36.67. Reaves Utility Income Fund shares last traded at $36.63, with a volume of 1,895 shares trading hands.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Oak Wealth Management Inc. bought a new position in Reaves Utility Income Fund during the third quarter valued at approximately $30,000. Advisory Services Network LLC grew its position in Reaves Utility Income Fund by 114.3% during the second quarter. Advisory Services Network LLC now owns 1,500 shares of the closed-end fund’s stock valued at $54,000 after acquiring an additional 800 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Reaves Utility Income Fund during the third quarter valued at approximately $55,000. Winslow Evans & Crocker Inc. bought a new position in Reaves Utility Income Fund during the third quarter valued at approximately $70,000. Finally, FNY Investment Advisers LLC bought a new position in Reaves Utility Income Fund during the third quarter valued at approximately $110,000.

About Reaves Utility Income Fund (NYSEAMERICAN:UTG)

There is no company description available for Reaves Utility Income Trust.

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