Kanen Wealth Management LLC Makes New $3.19 Million Investment in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Kanen Wealth Management LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 273,122 shares of the investment management company’s stock, valued at approximately $3,193,000. Duff & Phelps Utility and Infrastructure Fund accounts for about 1.2% of Kanen Wealth Management LLC’s portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. United Advisor Group LLC grew its stake in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the 3rd quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock valued at $3,860,000 after acquiring an additional 1,055 shares during the period. Consolidated Portfolio Review Corp grew its position in shares of Duff & Phelps Utility and Infrastructure Fund by 7.0% in the third quarter. Consolidated Portfolio Review Corp now owns 259,100 shares of the investment management company’s stock valued at $3,042,000 after purchasing an additional 16,961 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of 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 purchasing an additional 80,892 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 33.0% during the 3rd 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 last quarter. Finally, Concorde Asset Management LLC lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 27.1% in the 3rd quarter. Concorde Asset Management LLC now owns 38,500 shares of the investment management company’s stock valued at $452,000 after buying an additional 8,200 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Up 1.1 %

DPG stock opened at $11.94 on Monday. The business’s 50-day moving average is $11.84 and its 200 day moving average is $11.33. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12-month low of $8.70 and a 12-month high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be paid a $0.07 dividend. The ex-dividend date is Friday, January 31st.

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.