Duff & Phelps Utility and Infrastructure Fund Inc. $DPG Position Cut by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,944 shares of the investment management company’s stock after selling 5,120 shares during the quarter. Wedbush Securities Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DPG. Kanen Wealth Management LLC boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% in 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 acquiring an additional 311,979 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at about $467,000. Nwam LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 43.7% during the 1st quarter. Nwam LLC now owns 16,766 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 5,096 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth approximately $302,000. Finally, Cetera Investment Advisers lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 36.0% during the first quarter. Cetera Investment Advisers now owns 53,843 shares of the investment management company’s stock valued at $658,000 after purchasing an additional 14,246 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

NYSE DPG opened at $13.18 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $10.45 and a 1 year high of $13.38. The stock’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $12.58.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be given a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

About Duff & Phelps Utility and Infrastructure Fund

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.