Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Stake Raised by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259,100 shares of the investment management company’s stock after purchasing an additional 16,961 shares during the period. Consolidated Portfolio Review Corp’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 28.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 32,715 shares of the investment management company’s stock worth $322,000 after acquiring an additional 7,327 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $298,000. Moors & Cabot Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth about $253,000. J.W. Cole Advisors Inc. increased its stake in Duff & Phelps Utility and Infrastructure Fund by 48.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 177,627 shares of the investment management company’s stock worth $1,746,000 after purchasing an additional 58,279 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 270.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock worth $98,000 after buying an additional 7,298 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of DPG traded down $0.06 during midday trading on Friday, hitting $11.59. The stock had a trading volume of 126,291 shares, compared to its average volume of 130,406. The business has a 50-day simple moving average of $11.42 and a two-hundred day simple moving average of $10.43. Duff & Phelps Utility and Infrastructure Fund Inc. has a fifty-two week low of $8.16 and a fifty-two week high of $11.88.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Thursday, October 31st.

Duff & Phelps Utility and Infrastructure Fund 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.