Concorde Asset Management LLC Grows Holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Concorde Asset Management LLC raised its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 13.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,600 shares of the investment management company’s stock after purchasing an additional 5,100 shares during the period. Concorde Asset Management LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $510,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dakota Wealth Management acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth about $133,000. Nwam LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth approximately $136,000. Walleye Capital LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter worth approximately $171,000. Truist Financial Corp raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% in the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after purchasing an additional 2,088 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 55.4% during the 4th quarter. Level Four Advisory Services LLC now owns 20,095 shares of the investment management company’s stock valued at $235,000 after buying an additional 7,167 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG stock opened at $11.13 on Friday. The firm has a fifty day moving average of $11.81 and a two-hundred day moving average of $11.77. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $8.73 and a 1-year high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, April 30th.

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.