Advisors Asset Management Inc. Has $1.88 Million Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Advisors Asset Management Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 33.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,426 shares of the investment management company’s stock after purchasing an additional 39,762 shares during the period. Advisors Asset Management Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $1,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Advisor Group LLC raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 0.3% in the 3rd quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock worth $3,860,000 after buying an additional 1,055 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% in the 2nd quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,319 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of 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 during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 38.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock worth $205,000 after purchasing an additional 4,896 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position 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 in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

NYSE:DPG opened at $12.22 on Monday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12 month low of $8.70 and a 12 month high of $12.25. The company’s 50-day moving average price is $11.65 and its two-hundred day moving average price is $10.78.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were given 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%.

About Duff & Phelps Utility and Infrastructure Fund

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.