Saba Capital Management L.P. Raises Stock Holdings in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Saba Capital Management L.P. boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 142.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,750 shares of the investment management company’s stock after buying an additional 101,452 shares during the quarter. Saba Capital Management L.P.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Kanen Wealth Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% in the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock valued at $7,156,000 after acquiring an additional 311,979 shares during the period. Bulldog Investors LLP purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $2,543,000. Allspring Global Investments Holdings LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 25.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock worth $9,021,000 after purchasing an additional 125,977 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 148.9% in 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. Finally, NewEdge Advisors LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter valued at about $1,435,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.0%

NYSE DPG opened at $14.97 on Tuesday. Duff & Phelps Utility and Infrastructure Fund Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $15.15. The stock has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $14.32.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.