Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Pass Above Fifty Day Moving Average of $14.08

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGGet Rating)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.08 and traded as high as $14.65. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.57, with a volume of 49,906 shares.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.1 %

The stock’s fifty day simple moving average is $14.08 and its two-hundred day simple moving average is $14.42.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.61%.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Large investors have recently modified their holdings of the company. Confluence Wealth Services Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth about $25,000. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth about $272,000. Investors Research Corp bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at about $49,000. Cambridge Investment Research Advisors Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $145,000. Finally, HighTower Advisors LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $145,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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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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