Raymond James & Associates Increases Stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Raymond James & Associates raised its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 12.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 117,694 shares of the investment management company’s stock after purchasing an additional 13,244 shares during the period. Raymond James & Associates’ holdings in Duff & Phelps Utility and Infrastructure Fund were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 9.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,014 shares of the investment management company’s stock worth $167,000 after acquiring an additional 980 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 6.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 18,958 shares of the investment management company’s stock worth $256,000 after acquiring an additional 1,114 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,342 shares of the investment management company’s stock worth $271,000 after acquiring an additional 1,134 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 8.6% during the 1st quarter. Moors & Cabot Inc. now owns 23,188 shares of the investment management company’s stock worth $352,000 after acquiring an additional 1,838 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 7.9% during the 1st quarter. Wedbush Securities Inc. now owns 27,925 shares of the investment management company’s stock worth $372,000 after acquiring an additional 2,043 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Trading Up 2.2 %

NYSE DPG opened at $8.90 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $7.90 and a 52 week high of $14.29. The business’s fifty day simple moving average is $8.76 and its 200-day simple moving average is $10.26.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date of this dividend is Thursday, December 14th.

Duff & Phelps Utility and Infrastructure Fund 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.