Hennion & Walsh Asset Management Inc. Has $931,000 Stock Position in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Hennion & Walsh Asset Management Inc. lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 133.4% in the fourth quarter, HoldingsChannel reports. The fund owned 73,286 shares of the investment management company’s stock after buying an additional 41,886 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $931,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its position in Duff & Phelps Utility and Infrastructure Fund by 50.7% in 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 purchasing an additional 341,856 shares during the period. Thomas J. Herzfeld Advisors Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at about $3,950,000. Kanen Wealth Management LLC boosted 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 purchasing an additional 311,979 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at about $1,435,000. Finally, Cetera Investment Advisers grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 7.0% during the 2nd 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.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG opened at $14.71 on Friday. The firm has a 50 day simple moving average of $14.22 and a 200 day simple moving average of $13.37. Duff & Phelps Utility and Infrastructure Fund Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $14.96.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. 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.