Advisors Asset Management Inc. Acquires 39,762 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Advisors Asset Management Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 33.0% during the 3rd quarter, Holdings Channel reports. The firm owned 160,426 shares of the investment management company’s stock after acquiring an additional 39,762 shares during the period. Advisors Asset Management Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $1,883,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. United Advisor Group LLC lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the third quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock valued at $3,860,000 after buying an additional 1,055 shares during the period. Raymond James Trust N.A. increased its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% in the 2nd quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock valued at $262,000 after acquiring an additional 1,319 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 15.7% in 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 during the period. Chicago Partners Investment Group LLC boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 38.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock worth $205,000 after acquiring an additional 4,896 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Duff & Phelps Utility and Infrastructure Fund by 35.5% during the first 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.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.5 %

Shares of NYSE:DPG opened at $12.22 on Monday. The company has a 50 day moving average price of $11.65 and a two-hundred day moving average price of $10.78. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $8.70 and a 52 week high of $12.25.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a dividend of $0.07 per share. This represents a yield of 7.39%. The ex-dividend date was Thursday, October 31st.

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.