Atria Wealth Solutions Inc. Purchases Shares of 14,082 Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Atria Wealth Solutions Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,082 shares of the investment management company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 8.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 233,976 shares of the investment management company’s stock worth $2,146,000 after purchasing an additional 17,772 shares during the period. Raymond James & Associates lifted its holdings in Duff & Phelps Utility and Infrastructure Fund by 42.6% in the fourth quarter. Raymond James & Associates now owns 139,420 shares of the investment management company’s stock valued at $1,278,000 after buying an additional 41,625 shares during the period. Consolidated Portfolio Review Corp boosted its position in Duff & Phelps Utility and Infrastructure Fund by 62.0% during the third quarter. Consolidated Portfolio Review Corp now owns 43,280 shares of the investment management company’s stock valued at $373,000 after acquiring an additional 16,569 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $3,613,000. Finally, J.W. Cole Advisors Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 59.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 97,668 shares of the investment management company’s stock worth $896,000 after acquiring an additional 36,566 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO David D. Jr. Grumhaus acquired 3,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of $9.42 per share, for a total transaction of $28,260.00. Following the purchase, the chief executive officer now directly owns 8,000 shares of the company’s stock, valued at approximately $75,360. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG opened at $9.93 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $7.90 and a 1 year high of $13.04. The business’s 50-day moving average is $9.35 and its 200-day moving average is $9.16.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend is Monday, June 17th.

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.