UTES Moves Below Crucial Moving Average Threshold

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In trading on Tuesday, shares of the Virtus Reaves Utilities ETF (UTES) fell below their 200-day moving average of $80.94, reaching a low of $80.01 per share. Currently, UTES is down approximately 2% for the day.

Over the past year, the ETF experienced a low point of $63 and a high of $88.43, with the latest trade recorded at $80.29.

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