Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Passes Above 200-Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.54 and traded as high as $12.00. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.91, with a volume of 75,267 shares trading hands.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.0 %

The company has a 50 day moving average of $11.72 and a two-hundred day moving average of $11.54.

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 paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 7.13%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Dakota Wealth Management acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth about $133,000. Nwam LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth about $136,000. Walleye Capital LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth about $171,000. Truist Financial Corp boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.7% in the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after buying an additional 2,088 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 38.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock worth $205,000 after buying an additional 4,896 shares during the last quarter.

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.