Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.46 and traded as low as $14.06. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.25, with a volume of 67,148 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Price Performance

The company has a 50-day moving average price of $14.45 and a 200 day moving average price of $14.00.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth $29,000. Fifth Third Bancorp purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the first quarter valued at $31,000. Hilton Head Capital Partners LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at $46,000. PFG Investments LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at $148,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $129,000.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.