Street Calls of the Week
The Reaves Utility Income Fund stock reached a significant milestone, hitting a 52-week high at 39.08 USD. This achievement marks a notable point for investors, reflecting a positive trend over the past year. With a substantial 6.18% dividend yield and a 22-year track record of consistent dividend payments, the fund has demonstrated remarkable stability, supported by its low beta of 0.82. The fund has experienced an impressive year-to-date return of 28.15%, indicating strong performance in the market. This upward trajectory highlights investor confidence and the fund’s ability to capitalize on opportunities within the utility sector. As it reaches this 52-week high, stakeholders are likely to keep a close watch on future developments and performance metrics. InvestingPro analysis reveals additional key insights about the fund’s performance and financial health, with 7 more exclusive tips available to subscribers.
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