Virtus Reaves Utilities ETF
UTES
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Financial Plaza Hartford CT United States of America 6103
- IPO Date
- Sep 24, 2015
- CIK
- 0001559109
- Website
- virtus.com
- Similar Companies
- Business
- Virtus Reaves Utilities ETF (UTES) is an actively managed exchange-traded fund that seeks total return through a combination of capital appreciation and income, primarily by investing in equity securities of companies in the utility sector, including electric, gas, water, and multi-utility providers; it employs a bottom-up security selection process informed by qualitative factors such as management interviews and field research, alongside quantitative modeling, valuation, and technical analysis, with a focus on fundamental growth and risk metrics to outperform passive benchmarks. The fund holds a concentrated portfolio of approximately 19 to 22 U.S.-listed utility stocks, with top holdings typically including Constellation Energy Corporation, Talen Energy Corporation, Vistra Corp, Xcel Energy Inc, and CenterPoint Energy Inc; it distributes dividends quarterly and maintains an expense ratio of 0.49%. Launched on September 23, 2015, by Virtus Investment Partners, Inc. (the investment adviser) and sub-advised by employee-owned Reaves Asset Management (founded in 1961 and headquartered in New York), UTES operates exclusively in U.S. equity markets and targets investors seeking sector-specific exposure to utilities amid rising power demands from artificial intelligence data centers, electric vehicles, and domestic manufacturing resurgence. In recent years, the fund has undergone a strategic portfolio evolution, shifting emphasis toward high-growth independent power producers and companies benefiting from AI-driven electricity demand, resulting in strong outperformance versus utility peers and the S&P 500, including a 57% return over the prior year as of late 2024 and continued gains into 2025; portfolio manager Rodney Rebello joined the team in 2024 to support this dynamic approach amid sector tailwinds. As of December 2025, assets under management exceed $1.4 billion, with the fund trading on NYSE Arca and emphasizing disciplined risk management in a concentrated, non-diversified utilities strategy.