David Jr. Grumhaus Acquires 1,200 Shares of Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David Jr. Grumhaus bought 1,200 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were acquired at an average cost of $12.77 per share, for a total transaction of $15,324.00. Following the completion of the transaction, the chief executive officer owned 11,612 shares of the company’s stock, valued at approximately $148,285.24. The trade was a 11.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.7%

Shares of NYSE DPG opened at $12.86 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $10.45 and a 1 year high of $12.87. The stock’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $12.17.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, September 1st will be given a dividend of $0.07 per share. This represents a dividend yield of 663.0%. The ex-dividend date of this dividend is Friday, August 29th.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DPG. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter worth about $3,950,000. Kanen Wealth Management LLC increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after acquiring an additional 311,979 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter worth about $3,272,000. Advisors Asset Management Inc. increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 99.7% during the first quarter. Advisors Asset Management Inc. now owns 464,665 shares of the investment management company’s stock worth $5,683,000 after acquiring an additional 231,957 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the first quarter worth about $882,000.

Duff & Phelps Utility and Infrastructure Fund Company 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.