Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Cross Above 50-Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.54 and traded as high as $14.55. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.49, with a volume of 51,138 shares trading hands.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.3%

The business’s 50 day moving average is $14.54 and its 200-day moving average is $14.39.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, September 30th.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Kanen Wealth Management LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 114.2% in the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock valued at $7,156,000 after buying an additional 311,979 shares during the last quarter. Bulldog Investors LLP purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth about $2,543,000. Allspring Global Investments Holdings LLC lifted its holdings in Duff & Phelps Utility and Infrastructure Fund by 25.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 624,733 shares of the investment management company’s stock worth $9,021,000 after buying an additional 125,977 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 148.9% during the 3rd quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock worth $2,713,000 after acquiring an additional 125,706 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth about $1,435,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.