Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.53 and traded as high as $14.96. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.9010, with a volume of 107,005 shares.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.4%

The company has a 50-day moving average of $13.61 and a two-hundred day moving average of $13.13.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several large investors have recently bought and sold shares of the business. GS Investments Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $46,000. Colonial Trust Advisors bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at about $65,000. Cornerstone Advisors LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $72,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $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.