B. Riley Wealth Advisors Inc. Sells 21,719 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 66.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,996 shares of the investment management company’s stock after selling 21,719 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $130,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 37.5% in the second 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 during the period. Consolidated Portfolio Review Corp lifted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 73.1% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 242,139 shares of the investment management company’s stock valued at $2,380,000 after acquiring an additional 102,293 shares during the period. J.W. Cole Advisors Inc. boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 45.5% during 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 in the last quarter. Advisors Asset Management Inc. grew 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 worth $1,883,000 after purchasing an additional 39,762 shares during the period. Finally, Concorde Asset Management LLC bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the second quarter valued at $298,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 2.7 %

Shares of NYSE DPG opened at $11.45 on Monday. The firm’s 50-day moving average price is $11.81 and its 200-day moving average price is $11.06. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $8.70 and a 1-year high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.07 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.84 annualized dividend and a yield of 7.34%.

Duff & Phelps Utility and Infrastructure Fund Profile

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.