Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.56 and traded as high as $11.94. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.72, with a volume of 81,873 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The company has a fifty day moving average price of $11.56 and a 200 day moving average price of $10.65.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in DPG. Blue Bell Private Wealth Management LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 270.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 9,998 shares of the investment management company’s stock worth $98,000 after acquiring an additional 7,298 shares during the last quarter. Cetera Advisors LLC grew its position in Duff & Phelps Utility and Infrastructure Fund by 15.7% in the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after purchasing an additional 1,573 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at approximately $171,000. Chicago Partners Investment Group LLC increased 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 purchasing an additional 4,896 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 35.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock worth $243,000 after purchasing an additional 6,658 shares during the period.

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.