Hennion & Walsh Asset Management Inc. Has $931,000 Stock Position in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Hennion & Walsh Asset Management Inc. raised its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 133.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,286 shares of the investment management company’s stock after buying an additional 41,886 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $931,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 50.7% during the third quarter. Advisors Asset Management Inc. now owns 1,016,545 shares of the investment management company’s stock worth $13,124,000 after buying an additional 341,856 shares in the last quarter. Kanen Wealth Management LLC grew its position in Duff & Phelps Utility and Infrastructure Fund by 114.2% during the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after acquiring an additional 311,979 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.8% during the 2nd quarter. Raymond James Financial Inc. now owns 512,556 shares of the investment management company’s stock valued at $6,361,000 after purchasing an additional 61,960 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 442,651 shares of the investment management company’s stock valued at $5,715,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $3,950,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Duff & Phelps Utility and Infrastructure Fund stock opened at $14.71 on Friday. The business’s fifty day moving average is $14.22 and its two-hundred day moving average is $13.37. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $10.45 and a 52 week high of $14.96.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.7%.

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.