Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Free Report) CEO David D. Jr. Grumhaus purchased 3,000 shares of Duff & Phelps Utility and Infrastructure Fund stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average cost of $9.42 per share, with a total value of $28,260.00. Following the completion of the transaction, the chief executive officer now owns 8,000 shares of the company’s stock, valued at $75,360. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Duff & Phelps Utility and Infrastructure Fund Price Performance
Shares of DPG opened at $8.95 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $7.90 and a 1-year high of $13.33. The firm has a fifty day moving average price of $9.18 and a 200 day moving average price of $9.03.
Duff & Phelps Utility and Infrastructure Fund Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.21 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 9.39%.
Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund
Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at $25,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at about $57,000. PNC Financial Services Group Inc. raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 323.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock valued at $101,000 after buying an additional 8,372 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 9.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,014 shares of the investment management company’s stock valued at $167,000 after buying an additional 980 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $164,000.
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.
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