Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC trimmed its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 95.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,378 shares of the investment management company’s stock after selling 730,258 shares during the period. Cornerstone Advisors LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DPG. Blue Bell Private Wealth Management LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 270.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock valued at $98,000 after purchasing an additional 7,298 shares during the period. Cetera Advisors LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 15.7% during the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after buying an additional 1,573 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 38.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock worth $205,000 after buying an additional 4,896 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 35.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock valued at $243,000 after acquiring an additional 6,658 shares during the period. Finally, Moors & Cabot Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $253,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock opened at $12.16 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52-week low of $8.70 and a 52-week high of $12.19. The business has a 50-day simple moving average of $11.62 and a 200-day simple moving average of $10.74.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 7.39%.

Duff & Phelps Utility and Infrastructure Fund Company 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.