J.W. Cole Advisors Inc. Increases Stock Holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

J.W. Cole Advisors Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 45.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,519 shares of the investment management company’s stock after buying an additional 80,892 shares during the period. J.W. Cole Advisors Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $3,035,000 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. Allspring Global Investments Holdings LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 37.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock valued at $5,703,000 after acquiring an additional 158,152 shares in the last quarter. Consolidated Portfolio Review Corp increased its stake in Duff & Phelps Utility and Infrastructure Fund by 73.1% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 242,139 shares of the investment management company’s stock valued at $2,380,000 after purchasing an additional 102,293 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 10.9% in the first quarter. Cornerstone Advisors LLC now owns 793,502 shares of the investment management company’s stock worth $7,586,000 after buying an additional 77,955 shares during the last quarter. Karpus Management Inc. lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 15.8% during the first quarter. Karpus Management Inc. now owns 507,018 shares of the investment management company’s stock worth $4,847,000 after buying an additional 69,283 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 73.5% during the first quarter. Advisors Asset Management Inc. now owns 94,601 shares of the investment management company’s stock worth $904,000 after buying an additional 40,083 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Price Performance

NYSE DPG opened at $11.59 on Monday. The stock’s fifty day moving average price is $11.42 and its 200 day moving average price is $10.44. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $8.16 and a 1 year high of $11.88.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Thursday, October 31st.

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.