Focus Financial Network Inc. ADV Buys New Holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Focus Financial Network Inc. ADV bought a new stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,217 shares of the investment management company’s stock, valued at approximately $167,000.

Other large investors have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $25,000. Atria Wealth Solutions Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $129,000. CTC Alternative Strategies Ltd. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $141,000. Wealth Advisors of Tampa Bay LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth approximately $293,000. Finally, Quantedge Capital Pte Ltd purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth approximately $278,000.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Duff & Phelps Utility and Infrastructure Fund stock opened at $10.07 on Wednesday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12 month low of $7.90 and a 12 month high of $13.04. The stock’s 50 day simple moving average is $9.56 and its two-hundred day simple moving average is $9.33.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.84 annualized dividend and a yield of 8.35%.

Insiders Place Their Bets

In related news, CEO David D. Jr. Grumhaus acquired 3,000 shares of the stock in a transaction on Tuesday, April 9th. The shares were acquired at an average price of $9.42 per share, for a total transaction of $28,260.00. Following the transaction, the chief executive officer now owns 8,000 shares in the company, valued at approximately $75,360. The purchase was disclosed in a filing with the SEC, which is available through this link.

Duff & Phelps Utility and Infrastructure Fund Profile

(Free Report)

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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Institutional Ownership by Quarter for Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG)

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