Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.58 and traded as high as $14.64. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.4850, with a volume of 96,138 shares.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The firm’s 50 day moving average price is $14.57 and its two-hundred day moving average price is $13.84.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

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

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

Several hedge funds have recently made changes to their positions in DPG. GS Investments Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at approximately $26,000. CENTRAL TRUST Co acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at approximately $29,000. Fifth Third Bancorp acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at approximately $31,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $46,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at approximately $129,000.

About Duff & Phelps Utility and Infrastructure Fund

(Get Free Report)

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.

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