Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.57 and traded as high as $15.09. Duff & Phelps Utility and Infrastructure Fund shares last traded at $15.00, with a volume of 41,820 shares.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.5%

The firm’s 50 day moving average is $14.57 and its two-hundred day moving average is $13.65.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.6%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. GS Investments Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the third quarter valued at $26,000. CENTRAL TRUST Co acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $29,000. Fifth Third Bancorp acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at $31,000. Hilton Head Capital Partners LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at $46,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at $129,000.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.