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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus bought 1,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of $12.32 per share, for a total transaction of $18,480.00. Following the completion of the acquisition, the chief executive officer now owns 9,877 shares of the company’s stock, valued at $121,684.64. The trade was a 17.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG traded up $0.11 during trading on Wednesday, reaching $12.46. 104,368 shares of the stock were exchanged, compared to its average volume of 127,985. Duff & Phelps Utility and Infrastructure Fund Inc. has a twelve month low of $8.70 and a twelve month high of $12.50. The stock’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $10.81.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

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

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

Several institutional investors and hedge funds have recently modified their holdings of DPG. Advisors Asset Management Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 73.5% in the first quarter. Advisors Asset Management Inc. now owns 94,601 shares of the investment management company’s stock valued at $904,000 after purchasing an additional 40,083 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 35.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 6,658 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 15.7% in the first quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock valued at $111,000 after purchasing an additional 1,573 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% in the second quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 37.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock valued at $5,703,000 after purchasing an additional 158,152 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.