Raymond James Financial Inc. Buys Shares of 482,317 Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Raymond James Financial Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 482,317 shares of the investment management company’s stock, valued at approximately $5,638,000.

Several other large investors also recently modified their holdings of DPG. Nwam LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $136,000. Truist Financial Corp increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% during the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after purchasing an additional 2,088 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 272,852 shares of the investment management company’s stock worth $3,190,000 after purchasing an additional 14,333 shares during the period. Elm3 Financial Group LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth approximately $630,000. Finally, Dakota Wealth Management purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth approximately $133,000.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.0 %

Shares of DPG stock opened at $12.13 on Tuesday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12 month low of $8.73 and a 12 month high of $12.50. The company has a 50 day simple moving average of $11.85 and a two-hundred day simple moving average of $11.75.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.84 annualized dividend and a dividend yield of 6.93%.

Duff & Phelps Utility and Infrastructure Fund 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.