Truist Financial Corp Increases Stock Holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Truist Financial Corp lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,370 shares of the investment management company’s stock after buying an additional 2,088 shares during the period. Truist Financial Corp’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $203,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Concorde Asset Management LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 27.1% during the third quarter. Concorde Asset Management LLC now owns 38,500 shares of the investment management company’s stock valued at $452,000 after buying an additional 8,200 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at approximately $133,000. J.W. Cole Advisors Inc. boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 5.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 272,852 shares of the investment management company’s stock valued at $3,190,000 after buying an additional 14,333 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at approximately $171,000. Finally, Cascade Investment Group Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at approximately $307,000.

Duff & Phelps Utility and Infrastructure Fund Stock Down 1.5 %

Shares of NYSE:DPG opened at $11.50 on Friday. The business’s 50 day moving average is $11.78 and its 200 day moving average is $11.67. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12-month low of $8.73 and a 12-month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a $0.07 dividend. The ex-dividend date was Friday, January 31st. This represents a yield of 7.13%.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.