Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.28 and traded as high as $14.44. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.3860, with a volume of 134,549 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The stock’s 50-day moving average price is $13.28 and its 200 day moving average price is $13.01.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%.

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

Several institutional investors have recently made changes to their positions in DPG. Advisors Asset Management Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 50.7% in the third quarter. Advisors Asset Management Inc. now owns 1,016,545 shares of the investment management company’s stock worth $13,124,000 after acquiring an additional 341,856 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter worth approximately $3,950,000. Kanen Wealth Management LLC lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% in the 1st quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after purchasing an additional 311,979 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at approximately $3,272,000. Finally, Pathstone Holdings LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 148.9% during the third quarter. Pathstone Holdings LLC now owns 210,109 shares of the investment management company’s stock valued at $2,713,000 after buying an additional 125,706 shares during the period.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.