Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Crosses Below Two Hundred Day Moving Average of $13.62

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.62 and traded as low as $13.02. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.33, with a volume of 87,405 shares trading hands.

Duff & Phelps Utility and Infrastructure Fund Trading Up 1.5 %

The firm has a fifty day simple moving average of $13.81 and a 200-day simple moving average of $13.62.

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

Institutional investors have recently modified their holdings of the stock. BBR Partners LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at about $368,000. Raymond James & Associates raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 44.4% during the 3rd quarter. Raymond James & Associates now owns 98,908 shares of the investment management company’s stock valued at $1,266,000 after acquiring an additional 30,393 shares in the last quarter. Coastal Bridge Advisors LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $295,000. JTC Employer Solutions Trustee Ltd acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $88,000. Finally, M&R Capital Management Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $42,000.

About Duff & Phelps Utility and Infrastructure Fund

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Duff & Phelps Utility & Infrastructure Fund, Inc is a non-diversified, closed-end investment company. It’s investment objective is to seek total return resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income, and growth in current income, and secondarily from capital appreciation.