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

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.77 and traded as high as $11.93. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.92, with a volume of 90,305 shares traded.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The company has a 50 day simple moving average of $11.77 and a 200 day simple moving average of $11.71.

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 given a $0.07 dividend. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Investors Weigh In On Duff & Phelps Utility and Infrastructure Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Truist Financial Corp boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% in the fourth quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock worth $203,000 after buying an additional 2,088 shares during the period. Walleye Capital LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter valued at approximately $171,000. Blue Bell Private Wealth Management LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 63.8% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 37,567 shares of the investment management company’s stock valued at $439,000 after purchasing an additional 14,636 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Duff & Phelps Utility and Infrastructure Fund by 33.0% during 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 in the last quarter. Finally, Nwam LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $136,000.

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.