Blue Bell Private Wealth Management LLC Acquires 14,636 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Blue Bell Private Wealth Management LLC boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 63.8% during the 4th quarter, Holdings Channel reports. The fund owned 37,567 shares of the investment management company’s stock after buying an additional 14,636 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Truist Financial Corp grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 13.7% during the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after acquiring an additional 2,088 shares in the last quarter. Concorde Asset Management LLC grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 27.1% during the 3rd quarter. Concorde Asset Management LLC now owns 38,500 shares of the investment management company’s stock worth $452,000 after acquiring an additional 8,200 shares in the last quarter. Dakota Wealth Management bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $133,000. Nwam LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth about $136,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 5.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 272,852 shares of the investment management company’s stock valued at $3,190,000 after buying an additional 14,333 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

NYSE:DPG opened at $11.50 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a fifty-two week low of $8.73 and a fifty-two week high of $12.50. The company’s 50-day simple moving average is $11.78 and its 200-day simple moving average is $11.67.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.07 dividend. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend was Friday, January 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.