UTG: 6%-Plus Yield On Utilities, Outperforming In 2024
Portfolio Pulse from
Reaves Utility Income Trust (UTG) is a closed-end fund offering a high yield and defensive income, with a strong performance of 29.7% YTD return and 35.7% 1-year return, outperforming the Utilities sector and S&P 500. The article also mentions peers DPG, GUT, and MEGI.
December 06, 2024 | 2:30 pm
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NEUTRAL IMPACT
DPG is mentioned as a peer to UTG, indicating its relevance in the Utilities sector CEFs with high yield offerings.
DPG is mentioned as a peer, suggesting it shares similar characteristics with UTG, but the article does not provide specific performance data for DPG.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
GUT is mentioned as a peer to UTG, indicating its role in the Utilities sector CEFs with high yield offerings.
GUT is mentioned as a peer, suggesting it shares similar characteristics with UTG, but the article does not provide specific performance data for GUT.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
MEGI is mentioned as a peer to UTG, indicating its involvement in the Utilities sector CEFs with high yield offerings.
MEGI is mentioned as a peer, suggesting it shares similar characteristics with UTG, but the article does not provide specific performance data for MEGI.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Reaves Utility Income Trust (UTG) has delivered a 29.7% YTD return and a 35.7% 1-year return, outperforming the Utilities sector and S&P 500, making it an attractive option for high yield and defensive income.
UTG's strong performance metrics, including a 29.7% YTD return and a 35.7% 1-year return, indicate its potential for continued success. Its high yield and defensive nature make it appealing in the current market environment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100