Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Purchased by Cetera Advisors LLC

Cetera Advisors LLC grew its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 15.7% during the 1st quarter, Holdings Channel reports. The firm owned 11,616 shares of the investment management company’s stock after purchasing an additional 1,573 shares during the period. Cetera Advisors LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DPG. Cornerstone Advisors LLC raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 161.2% in the 4th quarter. Cornerstone Advisors LLC now owns 715,547 shares of the investment management company’s stock worth $6,562,000 after buying an additional 441,598 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $3,613,000. Karpus Management Inc. raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 113.5% in the 4th quarter. Karpus Management Inc. now owns 437,735 shares of the investment management company’s stock worth $4,014,000 after buying an additional 232,688 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth $1,451,000. Finally, RPO LLC raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 103.1% in the 4th quarter. RPO LLC now owns 228,189 shares of the investment management company’s stock worth $2,092,000 after buying an additional 115,822 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG opened at $10.72 on Monday. Duff & Phelps Utility and Infrastructure Fund Inc. has a one year low of $7.90 and a one year high of $10.79. The stock’s fifty day moving average is $10.13 and its 200-day moving average is $9.65.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date is Monday, September 30th.

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.