Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.89 and traded as high as $13.18. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.15, with a volume of 57,977 shares.

Duff & Phelps Utility and Infrastructure Fund Price Performance

The firm has a 50 day moving average of $12.89 and a two-hundred day moving average of $12.80.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, March 31st.

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 50.7% during the 3rd 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 in the last quarter. Kanen Wealth Management LLC boosted 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 valued at $7,156,000 after buying an additional 311,979 shares during the last quarter. Raymond James Financial Inc. grew its holdings in 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 buying an additional 61,960 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 12.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,756 shares of the investment management company’s stock valued at $6,339,000 after buying an additional 56,105 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $3,950,000.

About Duff & Phelps Utility and Infrastructure Fund

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.