Cetera Investment Advisers Has $658,000 Stock Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Cetera Investment Advisers boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 36.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 53,843 shares of the investment management company’s stock after buying an additional 14,246 shares during the period. Cetera Investment Advisers’ holdings in Duff & Phelps Utility and Infrastructure Fund were worth $658,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at $5,638,000. Walleye Capital LLC grew its stake 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 valued at $222,000 after buying an additional 4,449 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 63.7% in the fourth quarter. Guggenheim Capital LLC now owns 50,700 shares of the investment management company’s stock valued at $593,000 after buying an additional 19,725 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at $426,000. Finally, United Advisor Group LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 4.9% in the fourth quarter. United Advisor Group LLC now owns 345,032 shares of the investment management company’s stock valued at $4,033,000 after buying an additional 16,230 shares in the last quarter.

Insider Buying and Selling at Duff & Phelps Utility and Infrastructure Fund

In other news, major shareholder Metlife Investment Management, bought 1,000,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was bought at an average price of $25.00 per share, with a total value of $25,000,000.00. Following the completion of the acquisition, the insider owned 748,000 shares of the company’s stock, valued at $18,700,000. This represents a -396.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Duff & Phelps Utility and Infrastructure Fund Price Performance

NYSE:DPG opened at $12.66 on Friday. The firm has a fifty day simple moving average of $12.42 and a 200 day simple moving average of $12.12. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $10.45 and a 1-year high of $12.83.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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.