Bullish Momentum at 200-Day Moving Average for Utility Stocks

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On Friday, shares of the Virtus Reaves Utilities ETF (UTES) surpassed their 200-day moving average of $81.32, reaching a peak of $81.86. The ETF is currently trading up approximately 1.6%. Within the past year, UTES has recorded a low of $70.69 and a high of $88.43, with the latest trade at $81.46.

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