Doliver Capital Advisors LP purchased a new stake in shares of Duff & Phelps Utilities Tax-Free Income Inc. (NYSE:DTF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,176 shares of the investment management company’s stock, valued at approximately $192,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in Duff & Phelps Utilities Tax-Free Income by 5.4% during the second quarter. Wells Fargo & Company MN now owns 8,725 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 449 shares in the last quarter. First Trust Advisors LP raised its stake in Duff & Phelps Utilities Tax-Free Income by 74.5% during the second quarter. First Trust Advisors LP now owns 36,701 shares of the investment management company’s stock valued at $536,000 after purchasing an additional 15,672 shares in the last quarter. Finally, Laurion Capital Management LP raised its stake in Duff & Phelps Utilities Tax-Free Income by 247.5% during the second quarter. Laurion Capital Management LP now owns 92,834 shares of the investment management company’s stock valued at $1,355,000 after purchasing an additional 66,122 shares in the last quarter. 7.57% of the stock is currently owned by institutional investors.

Shares of Duff & Phelps Utilities Tax-Free Income Inc. (NYSE DTF) opened at 14.29 on Friday. Duff & Phelps Utilities Tax-Free Income Inc. has a 1-year low of $14.09 and a 1-year high of $16.49. The company’s 50-day moving average is $14.58 and its 200-day moving average is $14.81.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.60 annualized dividend and a yield of 4.20%.

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About Duff & Phelps Utilities Tax-Free Income

DTF Tax-Free Income Inc is a diversified, closed-end management investment company. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing primarily (approximately 80% of its total assets) in a diversified portfolio of investment-grade tax-exempt obligations.

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Institutional Ownership by Quarter for Duff & Phelps Utilities Tax-Free Income (NYSE:DTF)

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