Closed End Fund Advisors Inc. Makes New Investment in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Closed End Fund Advisors Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 40,553 shares of the investment management company’s stock, valued at approximately $515,000.

Several other institutional investors and hedge funds have also made changes to their positions in DPG. Advisors Asset Management Inc. lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 50.7% during the third quarter. Advisors Asset Management Inc. now owns 1,016,545 shares of the investment management company’s stock worth $13,124,000 after purchasing an additional 341,856 shares during the last quarter. Kanen Wealth Management LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after purchasing an additional 311,979 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 148.9% during the third quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock worth $2,713,000 after purchasing an additional 125,706 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $1,435,000. Finally, Raymond James Financial Inc. lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.8% during the second quarter. Raymond James Financial Inc. now owns 512,556 shares of the investment management company’s stock worth $6,361,000 after purchasing an additional 61,960 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.2%

NYSE:DPG opened at $14.19 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a twelve month low of $11.97 and a twelve month high of $15.15. The stock has a fifty day simple moving average of $14.56 and a 200-day simple moving average of $13.87.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Duff & Phelps Utility and Infrastructure Fund Company Profile

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.