Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Cross Above 50-Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.92 and traded as high as $13.59. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.55, with a volume of 88,887 shares traded.

Duff & Phelps Utility and Infrastructure Fund Price Performance

The firm’s fifty day moving average price is $12.92 and its 200-day moving average price is $12.84.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, March 31st.

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

Several institutional investors have recently modified their holdings of the business. Cascade Investment Group Inc. increased its stake in Duff & Phelps Utility and Infrastructure Fund by 5.5% during the 4th quarter. Cascade Investment Group Inc. now owns 34,650 shares of the investment management company’s stock worth $440,000 after purchasing an additional 1,800 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 12.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 498,756 shares of the investment management company’s stock worth $6,339,000 after acquiring an additional 56,105 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 133.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 73,286 shares of the investment management company’s stock worth $931,000 after acquiring an additional 41,886 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $1,435,000. Finally, Zimmer Partners LP bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at $361,000.

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.