Allspring Global Investments Holdings LLC Trims Stock Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Allspring Global Investments Holdings LLC decreased its stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 428,410 shares of the investment management company’s stock after selling 15,982 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $5,239,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DPG. United Advisor Group LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the first quarter. United Advisor Group LLC now owns 345,919 shares of the investment management company’s stock valued at $4,231,000 after buying an additional 887 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at about $135,000. Kanen Wealth Management LLC increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% in the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock valued at $7,156,000 after purchasing an additional 311,979 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at about $43,000. Finally, RFG Advisory LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth about $282,000.

Insider Activity at Duff & Phelps Utility and Infrastructure Fund

In other news, major shareholder Metlife Investment Management, acquired 1,000,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were bought at an average price of $25.00 per share, for a total transaction of $25,000,000.00. Following the acquisition, the insider owned 748,000 shares of the company’s stock, valued at approximately $18,700,000. This trade represents a -396.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE DPG opened at $12.34 on Friday. The firm has a fifty day moving average of $12.26 and a 200 day moving average of $11.94. Duff & Phelps Utility and Infrastructure Fund Inc. has a one year low of $9.79 and a one year high of $12.55.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.84 annualized dividend and a yield of 6.81%.

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.