Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Passes Below 50 Day Moving Average of $9.73

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.73 and traded as low as $9.16. Duff & Phelps Utility and Infrastructure Fund shares last traded at $9.16, with a volume of 100,326 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.4 %

The company’s fifty day simple moving average is $9.73 and its two-hundred day simple moving average is $11.50.

Duff & Phelps Utility and Infrastructure Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.84 annualized dividend and a yield of 9.17%.

Insider Transactions at Duff & Phelps Utility and Infrastructure Fund

In other Duff & Phelps Utility and Infrastructure Fund news, CEO David D. Jr. Grumhaus acquired 2,500 shares of the company’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $10.01 per share, for a total transaction of $25,025.00. Following the purchase, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at $50,050. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO David D. Jr. Grumhaus acquired 2,500 shares of the company’s stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $10.01 per share, with a total value of $25,025.00. Following the acquisition, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at $50,050. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Eric Elvekrog bought 3,000 shares of Duff & Phelps Utility and Infrastructure Fund stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of $10.07 per share, for a total transaction of $30,210.00. Following the completion of the acquisition, the vice president now owns 16,200 shares in the company, valued at approximately $163,134. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 8,450 shares of company stock valued at $84,854.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth $27,000. Geneos Wealth Management Inc. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 224.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,468 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 2,400 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at approximately $57,000. CoreCap Advisors LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $86,000. Finally, Freedom Wealth Alliance LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth approximately $95,000.

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.