Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG - Get Free Report) CEO David D. Jr. Grumhaus purchased 3,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of $9.42 per share, with a total value of $28,260.00. Following the purchase, the chief executive officer now directly owns 8,000 shares of the company's stock, valued at $75,360. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Duff & Phelps Utility and Infrastructure Fund Stock Performance
Duff & Phelps Utility and Infrastructure Fund stock opened at $9.09 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12 month low of $7.90 and a 12 month high of $13.50. The business has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $9.03.
Duff & Phelps Utility and Infrastructure Fund Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend is Monday, June 17th.
Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund
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Large investors have recently modified their holdings of the stock. Cornerstone Advisors LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 161.2% in the fourth quarter. Cornerstone Advisors LLC now owns 715,547 shares of the investment management company's stock worth $6,562,000 after acquiring an additional 441,598 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $3,613,000. UBS Group AG raised its position in Duff & Phelps Utility and Infrastructure Fund by 368.5% in the fourth quarter. UBS Group AG now owns 358,408 shares of the investment management company's stock worth $3,287,000 after acquiring an additional 281,902 shares in the last quarter. Karpus Management Inc. raised its position in Duff & Phelps Utility and Infrastructure Fund by 113.5% in the fourth quarter. Karpus Management Inc. now owns 437,735 shares of the investment management company's stock worth $4,014,000 after acquiring an additional 232,688 shares in the last quarter. Finally, Saba Capital Management L.P. purchased a new position in Duff & Phelps Utility and Infrastructure Fund in the third quarter worth $1,952,000.
About Duff & Phelps Utility and Infrastructure Fund
(
Get Free Report)
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.
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