Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.00 and traded as high as $13.09. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.04, with a volume of 100,972 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Price Performance

The stock’s fifty day moving average is $13.03 and its 200 day moving average is $12.64.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GS Investments Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth about $37,000. Colonial Trust Advisors purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $65,000. Cornerstone Advisors LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $72,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter valued at about $122,000.

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.