Insider Buying: Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO Purchases $18,480.00 in Stock

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) CEO David D. Jr. Grumhaus acquired 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of $12.32 per share, for a total transaction of $18,480.00. Following the completion of the purchase, the chief executive officer now directly owns 9,877 shares in the company, valued at $121,684.64. This represents a 17.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.6 %

Shares of Duff & Phelps Utility and Infrastructure Fund stock opened at $12.48 on Friday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12-month low of $8.70 and a 12-month high of $12.50. The stock has a 50 day moving average price of $11.74 and a two-hundred day moving average price of $10.85.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 35.5% in 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 last quarter. Cetera Advisors LLC grew its holdings in 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 buying an additional 1,573 shares during the last quarter. Advisors Asset Management Inc. increased its position in 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 buying an additional 40,083 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 37.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 580,207 shares of the investment management company’s stock worth $5,703,000 after buying an additional 158,152 shares during the last quarter. Finally, Concorde Asset Management LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter worth approximately $298,000.

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.