Nwam LLC Raises Stake in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Nwam LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 26.9% during the second quarter, HoldingsChannel reports. The fund owned 21,281 shares of the investment management company’s stock after buying an additional 4,515 shares during the period. Nwam LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $265,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at $37,000. Kovitz Investment Group Partners LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $122,000. Landscape Capital Management L.L.C. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $149,000. Catalina Capital Group LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 17.4% during the 2nd quarter. Catalina Capital Group LLC now owns 12,935 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 1,917 shares during the period. Finally, CWM LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $180,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE DPG opened at $13.12 on Friday. The firm has a fifty day moving average price of $12.91 and a 200-day moving average price of $12.58. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $10.45 and a 1 year high of $13.38.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Duff & Phelps Utility and Infrastructure Fund Company Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.