Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Passes Below Fifty Day Moving Average of $14.67

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Rating) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.67 and traded as low as $12.51. Duff & Phelps Utility and Infrastructure Fund shares last traded at $12.52, with a volume of 114,153 shares changing hands.

The business’s 50-day simple moving average is $14.67 and its two-hundred day simple moving average is $14.48.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date of this dividend is Wednesday, September 14th.

Several hedge funds have recently made changes to their positions in DPG. LPL Financial LLC grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 73.3% during the 3rd quarter. LPL Financial LLC now owns 213,073 shares of the investment management company’s stock worth $2,859,000 after buying an additional 90,128 shares during the period. Avalon Investment & Advisory acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth approximately $682,000. Morgan Stanley grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 1.7% during the 3rd quarter. Morgan Stanley now owns 1,589,358 shares of the investment management company’s stock worth $21,329,000 after buying an additional 26,227 shares during the period. Royal Bank of Canada lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 8.8% in the 1st quarter. Royal Bank of Canada now owns 284,332 shares of the investment management company’s stock worth $4,316,000 after purchasing an additional 23,115 shares in the last quarter. Finally, San Luis Wealth Advisors LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $290,000.

About Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG)

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.

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