Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGFree Report) by 323.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,962 shares of the investment management company’s stock after buying an additional 8,372 shares during the period. PNC Financial Services Group Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $101,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DPG. Blue Bell Private Wealth Management LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $25,000. Atria Wealth Solutions Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $129,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $141,000. Focus Financial Network Inc. ADV acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $167,000. Finally, Wealth Advisors of Tampa Bay LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $293,000.

Insider Activity at Duff & Phelps Utility and Infrastructure Fund

In other news, CEO David D. Jr. Grumhaus bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was acquired at an average price of $9.42 per share, with a total value of $28,260.00. Following the completion of 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 filing with the SEC, which is available at this link.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $9.87 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a one year low of $7.90 and a one year high of $10.29. The stock’s fifty day moving average is $9.81 and its 200-day moving average is $9.40.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, September 30th. This represents a $0.84 annualized dividend and a yield of 8.51%.

About Duff & Phelps Utility and Infrastructure Fund

(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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