In a remarkable display of resilience, Reaves Utility Income Fund (UTG) stock has soared to a 52-week high, reaching a price level of $35.24. This peak reflects a significant turnaround for the fund, which has delivered an even more impressive 43.74% return over the past year. With a substantial 6.52% dividend yield and a 21-year track record of consistent dividend payments, UTG has attracted income-focused investors. Investors have shown increased confidence in UTG, propelling the stock to new heights over the past year, as it outperforms expectations and delivers substantial returns amidst a fluctuating market landscape. The fund's strategic investments in utility and infrastructure have paid off, marking a period of robust growth and heightened investor interest in this sector. According to InvestingPro, the fund maintains a FAIR financial health score, with notably low price volatility (Beta: 0.81). InvestingPro subscribers can access 8 additional key insights about UTG's performance and outlook.
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