Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.54 and traded as high as $14.55. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.49, with a volume of 51,138 shares traded.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The firm’s 50 day simple moving average is $14.54 and its 200 day simple moving average is $14.41.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Hedge funds have recently made changes to their positions in the stock. CENTRAL TRUST Co purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at approximately $29,000. Fifth Third Bancorp purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter worth $31,000. Hilton Head Capital Partners LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $46,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at $129,000. Finally, PFG Investments LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter worth about $148,000.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.