Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.77 and traded as high as $11.93. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.92, with a volume of 90,305 shares traded.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The business’s 50 day simple moving average is $11.77 and its 200 day simple moving average is $11.70.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a $0.07 dividend. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% in the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 2,088 shares during the period. Walleye Capital LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at approximately $171,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 63.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 37,567 shares of the investment management company’s stock valued at $439,000 after acquiring an additional 14,636 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 33.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock valued at $1,883,000 after acquiring an additional 39,762 shares during the period. Finally, Nwam LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $136,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.