LPL Financial LLC Decreases Stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

LPL Financial LLC lowered its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 314,275 shares of the investment management company’s stock after selling 3,478 shares during the period. LPL Financial LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $3,844,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. United Advisor Group LLC grew its holdings in shares of 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 worth $4,231,000 after acquiring an additional 887 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 9.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 1,085 shares during the period. Wedbush Securities Inc. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 10.3% during the first quarter. Wedbush Securities Inc. now owns 29,064 shares of the investment management company’s stock valued at $355,000 after purchasing an additional 2,709 shares during the period. Farther Finance Advisors LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at about $43,000. Finally, Walleye Capital LLC grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 30.5% during the fourth quarter. Walleye Capital LLC now owns 19,025 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 4,449 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Price Performance

NYSE:DPG opened at $12.66 on Friday. The stock has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $12.12. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52-week low of $10.45 and a 52-week high of $12.83.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

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

Insider Transactions at Duff & Phelps Utility and Infrastructure Fund

In related news, major shareholder Metlife Investment Management, purchased 1,000,000 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was acquired 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 approximately $18,700,000. This trade represents a -396.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.