Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Passes Above 50-Day Moving Average – Here’s Why

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.67 and traded as high as $14.90. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.69, with a volume of 56,638 shares.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The firm has a fifty day moving average price of $14.68 and a 200 day moving average price of $14.55.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DPG. CENTRAL TRUST Co acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at $29,000. Fifth Third Bancorp acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the first quarter worth about $31,000. Hilton Head Capital Partners LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $46,000. B. Riley Wealth Advisors Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $129,000. Finally, PFG Investments LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at about $148,000.

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.