About ETFis Series Trust I - Virtus Reaves Utilities ETF (UTES)

ETFis Series Trust I - Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that aims to provide investment results that correspond to the price and yield performance of the S&P 500 Utilities Index. The fund seeks to achieve its investment objective by investing at least 80% of its net assets in the securities of companies within the utilities sector. Utilities companies include those involved in the production, generation, transmission, distribution, and sale of electric energy, gas, and water. Investments are primarily in equity securities, such as common stocks, but may also include other types of securities, such as preferred stocks and depositary receipts. UTES is managed by Virtus ETF Advisers LLC, a subsidiary of Virtus Investment Partners, Inc.

The Virtus Reaves Utilities ETF (UTES) offers investors exposure to the utilities sector, which typically exhibits defensive characteristics and can provide stable income. The fund may be suitable for investors seeking income, long-term capital appreciation, or a defensive investment strategy. The utilities sector is known for its stable earnings and cash flows, which can help provide consistent dividend payments. This can be attractive for income-focused investors, particularly in a low-interest-rate environment. Additionally, utilities companies tend to have regulated business models, which can provide stability in volatile market conditions. However, investors should be aware that utilities stocks may be sensitive to interest rate changes, as higher rates could increase borrowing costs and impact company valuations. Overall, UTES may be a suitable investment for those seeking exposure to the utilities sector and its potential benefits.