Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.57 and traded as high as $14.77. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.6650, with a volume of 77,303 shares.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.2%

The firm has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $13.70.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalina Capital Group LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 5.5% in the first quarter. Catalina Capital Group LLC now owns 13,732 shares of the investment management company’s stock worth $198,000 after acquiring an additional 716 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 3.8% in the third quarter. Wedbush Securities Inc. now owns 24,856 shares of the investment management company’s stock worth $321,000 after acquiring an additional 912 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 2.4% in the fourth quarter. Guggenheim Capital LLC now owns 65,804 shares of the investment management company’s stock worth $836,000 after acquiring an additional 1,543 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 11.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 16,118 shares of the investment management company’s stock worth $205,000 after acquiring an additional 1,618 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 5.2% in the second quarter. Walleye Capital LLC now owns 34,861 shares of the investment management company’s stock worth $433,000 after acquiring an additional 1,721 shares in the last quarter.

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.