Allspring Global Investments Holdings LLC Purchases 125,977 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Allspring Global Investments Holdings LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 25.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 624,733 shares of the investment management company’s stock after acquiring an additional 125,977 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $9,021,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DPG. Kanen Wealth Management LLC boosted its position in Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after purchasing an additional 311,979 shares during the period. Cetera Investment Advisers raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 7.0% in the second quarter. Cetera Investment Advisers now owns 57,624 shares of the investment management company’s stock valued at $715,000 after purchasing an additional 3,781 shares during the period. Invesco Ltd. bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at approximately $185,000. First Trust Advisors LP lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 31.8% during the 2nd quarter. First Trust Advisors LP now owns 71,502 shares of the investment management company’s stock valued at $887,000 after buying an additional 17,242 shares in the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% during the 2nd quarter. Walleye Capital LLC now owns 34,861 shares of the investment management company’s stock valued at $433,000 after buying an additional 1,721 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.7%

Duff & Phelps Utility and Infrastructure Fund stock opened at $15.04 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $12.34 and a 1-year high of $15.15. The firm has a 50 day simple moving average of $14.50 and a 200 day simple moving average of $14.28.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Duff & Phelps Utility and Infrastructure Fund Profile

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.