Closed End Fund Advisors Inc. Buys New Stake in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Closed End Fund Advisors Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,553 shares of the investment management company’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kanen Wealth Management LLC boosted its stake in 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 buying an additional 311,979 shares during the period. Cetera Investment Advisers boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 7.0% during the second quarter. Cetera Investment Advisers now owns 57,624 shares of the investment management company’s stock worth $715,000 after buying an additional 3,781 shares during the period. Invesco Ltd. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter worth $185,000. First Trust Advisors LP boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 31.8% during the second quarter. First Trust Advisors LP now owns 71,502 shares of the investment management company’s stock worth $887,000 after buying an additional 17,242 shares during the period. Finally, Walleye Capital LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 5.2% during the second quarter. Walleye Capital LLC now owns 34,861 shares of the investment management company’s stock worth $433,000 after buying an additional 1,721 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.2%

NYSE DPG opened at $14.19 on Friday. The company has a fifty day moving average of $14.56 and a two-hundred day moving average of $13.87. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $11.97 and a 52 week high of $15.15.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Duff & Phelps Utility and Infrastructure Fund Profile

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.