Allspring Global Investments Holdings LLC Sells 10,026 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Allspring Global Investments Holdings LLC lowered its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 570,181 shares of the investment management company’s stock after selling 10,026 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $6,694,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DPG. B. Riley Wealth Advisors Inc. increased its position in 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 valued at $243,000 after purchasing an additional 6,658 shares during the period. Cetera Advisors LLC boosted its position in Duff & Phelps Utility and Infrastructure Fund by 15.7% during the 1st quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 1,573 shares in the last quarter. Concorde Asset Management LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 2nd quarter valued at $298,000. Advisors Asset Management Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 73.5% in the 1st quarter. Advisors Asset Management Inc. now owns 94,601 shares of the investment management company’s stock worth $904,000 after acquiring an additional 40,083 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 323.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,962 shares of the investment management company’s stock worth $101,000 after purchasing an additional 8,372 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.5 %

DPG opened at $11.59 on Monday. The business’s 50-day moving average is $11.42 and its two-hundred day moving average is $10.44. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $8.16 and a 1 year high of $11.88.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.84 annualized dividend and a yield of 7.25%.

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.