B. Riley Wealth Advisors Inc. Sells 6,658 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,730 shares of the investment management company’s stock after selling 6,658 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $172,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Blue Bell Private Wealth Management LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth $25,000. Consolidated Portfolio Review Corp grew its stake in Duff & Phelps Utility and Infrastructure Fund by 14.9% in the 4th quarter. Consolidated Portfolio Review Corp now owns 49,745 shares of the investment management company’s stock valued at $456,000 after purchasing an additional 6,465 shares during the period. Atria Wealth Solutions Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at $129,000. CTC Alternative Strategies Ltd. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at $141,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Duff & Phelps Utility and Infrastructure Fund by 8.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 233,976 shares of the investment management company’s stock valued at $2,146,000 after purchasing an additional 17,772 shares during the period.

Insider Buying and Selling at Duff & Phelps Utility and Infrastructure Fund

In other Duff & Phelps Utility and Infrastructure Fund news, CEO David D. Jr. Grumhaus acquired 3,000 shares of Duff & Phelps Utility and Infrastructure Fund stock in a transaction on Tuesday, April 9th. The stock was purchased at an average price of $9.42 per share, for a total transaction of $28,260.00. Following the purchase, the chief executive officer now directly owns 8,000 shares of the company’s stock, valued at $75,360. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of NYSE:DPG opened at $9.83 on Friday. The business has a fifty day moving average price of $9.77 and a two-hundred day moving average price of $9.38. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $7.90 and a 1 year high of $10.29.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be paid a $0.07 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 8.55%.

About Duff & Phelps Utility and Infrastructure Fund

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.