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

Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.98 and traded as high as $13.87. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.7850, with a volume of 76,744 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.8%

The business’s fifty day moving average price is $12.98 and its 200 day moving average price is $12.89.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a $0.07 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 6.1%.

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

Several large investors have recently modified their holdings of the business. Advisors Asset Management Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 50.7% during the third quarter. Advisors Asset Management Inc. now owns 1,016,545 shares of the investment management company’s stock worth $13,124,000 after acquiring an additional 341,856 shares during the last quarter. Kanen Wealth Management LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% in the 1st 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. Raymond James Financial Inc. increased its stake in 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 valued at $6,361,000 after purchasing an additional 61,960 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Duff & Phelps Utility and Infrastructure Fund by 12.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,756 shares of the investment management company’s stock valued at $6,339,000 after buying an additional 56,105 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter worth approximately $3,950,000.

Duff & Phelps Utility and Infrastructure Fund Company 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.