Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO Buys $28,260.00 in Stock

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average price of $9.42 per share, for a total transaction of $28,260.00. Following the transaction, the chief executive officer now directly owns 8,000 shares in the company, valued at $75,360. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Duff & Phelps Utility and Infrastructure Fund Trading Down 1.6 %

Shares of NYSE:DPG opened at $8.95 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $7.90 and a 1 year high of $13.33. The business’s 50 day moving average price is $9.18 and its 200-day moving average price is $9.04.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its stake in Duff & Phelps Utility and Infrastructure Fund by 9.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,014 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 980 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 6.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 18,958 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 1,114 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 10.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,600 shares of the investment management company’s stock valued at $125,000 after purchasing an additional 1,300 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Duff & Phelps Utility and Infrastructure Fund by 6.1% in the 4th quarter. Kestra Advisory Services LLC now owns 27,282 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 1,579 shares during the last quarter. Finally, Moors & Cabot Inc. raised its stake in Duff & Phelps Utility and Infrastructure Fund by 8.6% in the 1st quarter. Moors & Cabot Inc. now owns 23,188 shares of the investment management company’s stock valued at $352,000 after purchasing an additional 1,838 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.