Advisors Asset Management Inc. Boosts Stake in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Advisors Asset Management Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 50.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,545 shares of the investment management company’s stock after buying an additional 341,856 shares during the quarter. Advisors Asset Management Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $13,124,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DPG. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth approximately $3,950,000. Kanen Wealth Management LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 114.2% during 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 buying an additional 311,979 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the second quarter worth $3,272,000. Raymond James Financial Inc. lifted its position in Duff & Phelps Utility and Infrastructure Fund by 13.8% in the second quarter. Raymond James Financial Inc. now owns 512,556 shares of the investment management company’s stock worth $6,361,000 after buying an additional 61,960 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $405,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $14.06 on Wednesday. Duff & Phelps Utility and Infrastructure Fund Inc. has a twelve month low of $10.45 and a twelve month high of $14.16. The company’s fifty day simple moving average is $13.02 and its 200-day simple moving average is $12.91.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.