Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.54 and traded as high as $12.00. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.91, with a volume of 75,267 shares.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The business’s 50 day simple moving average is $11.72 and its 200-day simple moving average is $11.54.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 7.13%.

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

A number of hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $426,000. Guggenheim Capital LLC boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 63.7% in the 4th quarter. Guggenheim Capital LLC now owns 50,700 shares of the investment management company’s stock valued at $593,000 after purchasing an additional 19,725 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 30.5% in the 4th quarter. Walleye Capital LLC now owns 19,025 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 4,449 shares in the last quarter. Concorde Asset Management LLC boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 13.2% in the 4th quarter. Concorde Asset Management LLC now owns 43,600 shares of the investment management company’s stock valued at $510,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at approximately $5,638,000.

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.