Street Calls of the Week
Reaves Utility Income Fund stock has reached an all-time high, hitting 40.94 USD. According to InvestingPro data, the fund’s RSI indicates overbought territory, while maintaining an impressive 22-year streak of consecutive dividend payments with a current yield of 5.89%. This milestone marks a significant achievement for the $3.58 billion fund, which has actually delivered a 38.7% total return over the past year. The fund’s performance reflects strong investor confidence and a favorable market environment, with a relatively low beta of 0.84. As the Reaves Utility Income Fund continues to perform well, market analysts and investors alike will be closely watching to see if this upward trend persists. InvestingPro offers 6 additional key insights about UTG’s valuation and growth prospects.
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