PNC Financial Services Group Inc. Grows Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

PNC Financial Services Group Inc. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,100 shares of the investment management company’s stock after purchasing an additional 6,403 shares during the period. PNC Financial Services Group Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Truist Financial Corp boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.7% in the fourth quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 2,088 shares during the last quarter. Concorde Asset Management LLC grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 27.1% during the 3rd quarter. Concorde Asset Management LLC now owns 38,500 shares of the investment management company’s stock worth $452,000 after purchasing an additional 8,200 shares during the period. Dakota Wealth Management purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $133,000. Nwam LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at approximately $136,000. Finally, J.W. Cole Advisors Inc. grew its stake in 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 worth $3,190,000 after buying an additional 14,333 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock opened at $12.16 on Friday. The company’s fifty day simple moving average is $11.82 and its 200-day simple moving average is $11.73. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $8.73 and a 52 week high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Monday, June 30th.

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.