Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus Acquires 1,500 Shares

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus bought 1,500 shares of Duff & Phelps Utility and Infrastructure Fund stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $12.32 per share, with a total value of $18,480.00. Following the transaction, the chief executive officer now owns 9,877 shares of the company’s stock, valued at $121,684.64. This trade represents a 17.91 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.9 %

Shares of Duff & Phelps Utility and Infrastructure Fund stock traded up $0.11 during trading on Wednesday, reaching $12.46. The company’s stock had a trading volume of 104,368 shares, compared to its average volume of 127,985. The business’s 50-day moving average price is $11.68 and its 200-day moving average price is $10.81. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $8.70 and a 52 week high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were given a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 7.39%.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several institutional investors and hedge funds have recently bought and sold shares of DPG. Allspring Global Investments Holdings LLC lifted its position in Duff & Phelps Utility and Infrastructure Fund by 37.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock worth $5,703,000 after purchasing an additional 158,152 shares during the period. Consolidated Portfolio Review Corp lifted its position in Duff & Phelps Utility and Infrastructure Fund by 73.1% during the second quarter. Consolidated Portfolio Review Corp now owns 242,139 shares of the investment management company’s stock worth $2,380,000 after purchasing an additional 102,293 shares during the period. J.W. Cole Advisors Inc. lifted its position in Duff & Phelps Utility and Infrastructure Fund by 45.5% during the third quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock worth $3,035,000 after purchasing an additional 80,892 shares during the period. Advisors Asset Management Inc. lifted its position in Duff & Phelps Utility and Infrastructure Fund by 73.5% during the first quarter. Advisors Asset Management Inc. now owns 94,601 shares of the investment management company’s stock worth $904,000 after purchasing an additional 40,083 shares during the period. Finally, Concorde Asset Management LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the second quarter worth about $298,000.

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.