Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Crosses Above 50-Day Moving Average – Here’s Why

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.03 and traded as high as $14.41. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.29, with a volume of 51,588 shares traded.

Duff & Phelps Utility and Infrastructure Fund Price Performance

The firm has a 50-day moving average price of $14.03 and a 200 day moving average price of $13.29.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. GS Investments Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth about $26,000. Hilton Head Capital Partners LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth about $46,000. Colonial Trust Advisors bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at about $65,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth approximately $129,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth approximately $187,000.

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.