Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.77 and traded as high as $11.93. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.92, with a volume of 90,305 shares traded.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The business’s 50-day moving average is $11.77 and its two-hundred day moving average is $11.70.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DPG. Advisors Asset Management Inc. boosted its position in Duff & Phelps Utility and Infrastructure Fund by 33.0% during the third quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock worth $1,883,000 after acquiring an additional 39,762 shares during the last quarter. Concorde Asset Management LLC raised its stake in 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 worth $452,000 after purchasing an additional 8,200 shares during the period. Walleye Capital LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth about $171,000. Virtu Financial LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth about $327,000. Finally, Cascade Investment Group Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $307,000.

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.