David D. Jr. Grumhaus Purchases 1,500 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Stock

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $12.32 per share, with a total value of $18,480.00. Following the completion of the purchase, the chief executive officer now directly owns 9,877 shares of the company’s stock, valued at $121,684.64. This represents a 17.91 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Duff & Phelps Utility and Infrastructure Fund Trading Up 1.0 %

Shares of DPG stock opened at $12.47 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a one year low of $8.70 and a one year high of $12.50. The company has a fifty day moving average price of $11.72 and a two-hundred day moving average price of $10.83.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 7.39%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 37.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock valued at $5,703,000 after buying an additional 158,152 shares in the last quarter. United Advisor Group LLC raised its position in Duff & Phelps Utility and Infrastructure Fund by 0.3% during 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 purchasing an additional 1,055 shares in the last quarter. Consolidated Portfolio Review Corp raised 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 buying an additional 16,961 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 45.5% in the third quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock worth $3,035,000 after acquiring an additional 80,892 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 33.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock valued at $1,883,000 after purchasing 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.