UTES: A Strong Performing ETF Thanks To Active Management
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Virtus Reaves Utilities ETF (UTES) has been performing well due to active management by Reaves, an infrastructure-focused investment firm. The ETF is strategically positioned to benefit from the increasing demand for AI-related infrastructure. While UTES may not offer as high a distribution yield as its CEF counterpart, UTG, it can complement it effectively.
November 18, 2024 | 6:45 pm
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Virtus Reaves Utilities ETF (UTES) is benefiting from active management and strategic positioning to capitalize on AI infrastructure demand. This has led to strong performance.
The active management by Reaves has positioned UTES to benefit from the growing demand for AI infrastructure, leading to strong performance. This strategic positioning is likely to positively impact the ETF's short-term price.
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