Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.28 and traded as high as $14.44. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.3860, with a volume of 134,549 shares.

Duff & Phelps Utility and Infrastructure Fund Price Performance

The stock has a 50-day moving average price of $13.28 and a 200-day moving average price of $13.02.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.07 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.8%.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake 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 valued at $13,124,000 after purchasing an additional 341,856 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at approximately $3,950,000. Kanen Wealth Management LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 114.2% in the 1st 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. J.W. Cole Advisors Inc. acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth approximately $3,272,000. Finally, Pathstone Holdings LLC grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 148.9% during the 3rd quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock worth $2,713,000 after acquiring an additional 125,706 shares during the last quarter.

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.