Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.98 and traded as high as $13.87. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.7850, with a volume of 76,744 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.8%

The company has a fifty day moving average price of $12.98 and a 200 day moving average price of $12.89.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 6.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPG. GS Investments Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at about $26,000. Colonial Trust Advisors purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at about $65,000. Cornerstone Advisors LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth approximately $72,000. B. Riley Wealth Advisors Inc. purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the second quarter worth approximately $129,000. Finally, CWM LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $180,000.

Duff & Phelps Utility and Infrastructure Fund Company 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.