Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.63 and traded as high as $14.89. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.86, with a volume of 24,028 shares trading hands.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.5%

The stock has a fifty day moving average of $14.64 and a 200 day moving average of $14.51.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of DPG. Wells Fargo & Company MN increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,353,361 shares of the investment management company’s stock valued at $17,201,000 after acquiring an additional 12,827 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 6.2% during the 4th quarter. Advisors Asset Management Inc. now owns 1,079,379 shares of the investment management company’s stock valued at $13,719,000 after purchasing an additional 62,834 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 25.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock valued at $9,021,000 after purchasing an additional 125,977 shares in the last quarter. Kanen Wealth Management LLC grew 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 purchasing an additional 311,979 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 13.8% in the second quarter. Raymond James Financial Inc. now owns 512,556 shares of the investment management company’s stock worth $6,361,000 after purchasing an additional 61,960 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.