Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Bought by United Advisor Group LLC

United Advisor Group LLC grew its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 328,802 shares of the investment management company’s stock after purchasing an additional 1,055 shares during the period. Duff & Phelps Utility and Infrastructure Fund makes up 0.9% of United Advisor Group LLC’s holdings, making the stock its 23rd largest position. United Advisor Group LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $3,860,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 37.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock worth $5,703,000 after purchasing an additional 158,152 shares during the period. Consolidated Portfolio Review Corp lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 73.1% in 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 buying an additional 102,293 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 45.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock worth $3,035,000 after buying an additional 80,892 shares during the last quarter. Cornerstone Advisors LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 10.9% during the 1st 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 in the last quarter. Finally, Karpus Management Inc. raised its holdings 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 valued at $4,847,000 after acquiring an additional 69,283 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

NYSE DPG opened at $11.18 on Tuesday. The stock’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $10.54. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $8.43 and a 1-year high of $11.88.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

About Duff & Phelps Utility and Infrastructure Fund

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.