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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.46 and traded as high as $14.84. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.6930, with a volume of 31,353 shares trading hands.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.0%

The business’s 50-day moving average is $14.47 and its two-hundred day moving average is $14.07.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.075 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 30th.

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

Large investors have recently modified their holdings of the stock. Kanen Wealth Management LLC lifted 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 worth $7,156,000 after purchasing an additional 311,979 shares in the last quarter. Bulldog Investors LLP acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at $2,543,000. Allspring Global Investments Holdings LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 25.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock worth $9,021,000 after buying an additional 125,977 shares during the period. Pathstone Holdings LLC increased its stake 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 buying an additional 125,706 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth $1,435,000.

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.