Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus Acquires 1,500 Shares

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $12.32 per share, for a total transaction of $18,480.00. Following the completion of the acquisition, the chief executive officer now owns 9,877 shares in the company, valued at $121,684.64. This represents a 17.91 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.9 %

Duff & Phelps Utility and Infrastructure Fund stock opened at $12.47 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $8.70 and a 1 year high of $12.50. The firm’s 50 day moving average price is $11.70 and its 200-day moving average price is $10.82.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 7.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions 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 worth $98,000 after purchasing an additional 7,298 shares during the last quarter. Cetera Advisors LLC grew its holdings 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 valued at $111,000 after buying an additional 1,573 shares in the last quarter. Walleye Capital LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth approximately $171,000. Chicago Partners Investment Group LLC boosted its position in shares of 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 valued at $205,000 after acquiring an additional 4,896 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 35.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 6,658 shares in the last quarter.

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.