Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.46 and traded as low as $14.06. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.25, with a volume of 67,148 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Stock Up 1.1%

The stock’s fifty day moving average is $14.46 and its 200-day moving average is $13.98.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.075 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, September 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $29,000. Fifth Third Bancorp bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the first quarter worth approximately $31,000. Hilton Head Capital Partners LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth approximately $46,000. PFG Investments LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at approximately $148,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $129,000.

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.