38,225 Shares in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,225 shares of the investment management company’s stock, valued at approximately $467,000.

Several other large investors also recently bought and sold shares of DPG. LPL Financial LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 2.6% during the fourth quarter. LPL Financial LLC now owns 317,753 shares of the investment management company’s stock valued at $3,715,000 after buying an additional 8,176 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 37.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,281,682 shares of the investment management company’s stock valued at $14,983,000 after acquiring an additional 347,248 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at about $5,638,000. Concorde Asset Management LLC grew its position in Duff & Phelps Utility and Infrastructure Fund by 13.2% during the 4th quarter. Concorde Asset Management LLC now owns 43,600 shares of the investment management company’s stock worth $510,000 after purchasing an additional 5,100 shares during the period. Finally, Walleye Capital LLC raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 30.5% in the fourth quarter. Walleye Capital LLC now owns 19,025 shares of the investment management company’s stock worth $222,000 after acquiring an additional 4,449 shares during the period.

Insider Activity at Duff & Phelps Utility and Infrastructure Fund

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

Duff & Phelps Utility and Infrastructure Fund Price Performance

Duff & Phelps Utility and Infrastructure Fund stock opened at $12.60 on Thursday. The company’s fifty day moving average price is $12.35 and its 200 day moving average price is $12.08. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $10.37 and a 1 year high of $12.70.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 30th.

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.