Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.54 and traded as high as $12.00. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.91, with a volume of 75,267 shares.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.0 %

The company has a fifty day moving average of $11.72 and a 200-day moving average of $11.54.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.07 per share. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DPG. Consolidated Portfolio Review Corp boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 7.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 259,100 shares of the investment management company’s stock worth $3,042,000 after purchasing an additional 16,961 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 45.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock worth $3,035,000 after purchasing an additional 80,892 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings 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 worth $205,000 after purchasing an additional 4,896 shares during the last quarter. United Advisor Group LLC lifted its holdings in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the third quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock valued at $3,860,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Duff & Phelps Utility and Infrastructure Fund by 33.0% in the third quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock valued at $1,883,000 after acquiring an additional 39,762 shares during the last quarter.

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.