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A Utilities Fund That Offers More Than Just Safety: (UTG)
Bummer. The article seems to cut off in the middle of the interview. Or maybe it's just my Mac browser.
Anyway, UTG is a core holding in my dividend growth portfolio and I added to my position recently when interest rate scares caused the price to wobble backwards. No fear though as this as been a stalwart fund in the utility space and pays me better than individual utility holdings would.
I've often thought about buying this fund but I've had bad luck/timing with CEFs, particularly muni bonds. As a result, I'm sitting it out for now. I own FUTY but that is less volatile with a much lower yield.
Will or Matt, I'm not about to knock or critique anyone's buy/sell decisions but currently the fund is priced only about $1 over it's 52-wk low and is marked at twice the discount of its 3-yr average. And then of course there is that attractive yield. I also like that they include the oil majors and mlp's in their mix. Bottom line though is that everyone has to do what's right for them.
Comments
Anyway, UTG is a core holding in my dividend growth portfolio and I added to my position recently when interest rate scares caused the price to wobble backwards. No fear though as this as been a stalwart fund in the utility space and pays me better than individual utility holdings would.