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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.92 and traded as high as $13.59. Duff & Phelps Utility and Infrastructure Fund shares last traded at $13.55, with a volume of 88,887 shares trading hands.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.9%

The company has a fifty day moving average price of $12.93 and a two-hundred day moving average price of $12.85.

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 paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

Several hedge funds and other institutional investors have recently modified their holdings of DPG. GS Investments Inc. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the third quarter worth $26,000. Colonial Trust Advisors bought a new position in Duff & Phelps Utility and Infrastructure Fund during the second quarter valued at about $65,000. Cornerstone Advisors LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at $72,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter worth about $129,000. Finally, Catalina Capital Group LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 17.4% in the 2nd quarter. Catalina Capital Group LLC now owns 12,935 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 1,917 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.